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The question

Is zakat obligatory on the sum of 14,500 Jordanian dinars, inherited by the mother, three sons, and three daughters from their father, from which monthly profits are generated?

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

Firstly: The mother's share of the inheritance is one-eighth, and the remainder is for the sons and daughters, with the male receiving the share of two females. Zakat (one-quarter of one-tenth) is obligatory on the share of each individual that reaches the nisab (the value of 595 grams of silver) and on which a full year has passed.

Secondly: Zakat can be paid on the share of each individual, or it can be paid on the entire wealth as if it belonged to one person.

Thirdly: The money generated from profits is distributed according to each heir's share, and any portion saved from it is added to the original capital for Zakat purification when a full year has passed.

Fourthly: Zakat differs according to the type of business. If the business involves goods for sale, then Zakat is obligatory on their market value when a full year has passed. However, if the business involves fixed assets that are not for sale (such as taxi cars or rented apartments), then Zakat is not obligatory on them, but rather on their income if it reaches the nisab and a full year has passed on it.

Fifthly: If the business income is fixed, and its source is rent (like a rented apartment), then it is permissible. However, if it is the result of a mudarabah contract that guarantees the capital or stipulates a fixed profit, then it is forbidden because it is "a loan that yields a benefit."

Summarized from the full answer at Ftawy · imported

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Where this answer came from
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Ftawy
Original fatwa ID
20778
Imported
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Source text, unreviewed
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