Zakah upon a family fund
Q: We belong to the tribe of Dhu `Uliyan, one of Banu Sulaym tribes. We have raised a fund for the interest of the tribe. The rich and the poor people of this tribe and all those who reach the age of puberty participate in it. This fund was established according to following conditions:1-The revenues of this fund are allocated for this tribe only.2-This money is not for investment or trade.3-The share of any person who dies of the people participating in the fund of the tribe goes to his inheritors.4-This fund is allocated for the misfortunes that may befall this tribe, such as car accidents, legal Diyah (blood money), losses in speculations and the like.5-The money drawn from the fund is taken as an emergency loan and later should be allocated back from the whole tribe then brought back to the fund.6 -The fund does not help the members who are involved in problems resulting from committing prohibitions such as drugs, fornication, theft and the like.Your Eminence, may Allah grant you a long life, our question now is: (Part No. 9; Page No. 291) Is there Zakah upon the revenue of this fund? I hope to get your advice on this question through a written letter to explain this to the members of the tribe. May Allah reward you with the best! May peace, blessings and mercy of Allah be upon you!
A: Zakah has to be paid on the revenue of this fund because money is still in the possession of its owners and has the same ruling as loans.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
Zakah on money saved...
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