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The question

What is the ruling on interest added to car accident compensation if the company late in payment is an insurance company legally obligated to pay, and is it permissible to pay Zakat from this compensation?

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

The driver or his family (guardians) must be compensated, provided that he was negligent. If the insurance company is committed to it, there is no objection to taking it from them by way of guarantee. As for usurious interest, it must be spent on general Muslim welfare. Zakat is obligatory on these funds if they are lawfully owned, a year has passed, and they have reached the Nisab. However, Zakat for past years is not obligatory before the ruling is issued.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
87724
Imported
Translation status
Source text, unreviewed
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