Is zakat obligatory on an investment in a hospital project that is not expected to yield profits within the next five to eight years?
is not obligatory on the hospital building, its equipment, or any other property acquired for operation. Zakat is obligatory on three matters: 1. Money remaining from construction funds after the passing of a full lunar year (hawl). 2. Items prepared for sale, such as medicines, on which Zakat on trade goods is due at a rate of 2.5% after the passing of a full lunar year. 3. Money generated from the hospital's operation (such as consultation fees), on which Zakat is due at a rate of 2.5% of the existing money and expected debts after the passing of a full lunar year.
Those managing the project may disburse the Zakat, otherwise, each shareholder must pay Zakat on their share of the Zakat-eligible wealth.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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