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The question

Is Zakat obligatory on the funds of a housing cooperative, whether in the general budget or in one of its two parts (the equipment budget or the operating budget)?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Zakat is obligatory on the funds of a cooperative if the share of each member reaches the nisab (minimum threshold) and a hawl (one lunar year) passes over it, regardless of whether the budget is for equipment or operational expenses. This applies if the cooperative is private and benefits only its members. However, if the cooperative is public and the money is allocated to serve all the people of the village and does not return to its owner, then Zakat is not obligatory on it because it has exited the private ownership of its owner.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
39537
Imported
Translation status
Source text, unreviewed
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