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The question

Is it permissible to retain Zakat money to make it a large and useful sum, while not currently benefiting from the retained amount?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

Whoever has wealth on which is due must disburse it immediately, because an absolute command implies immediacy, and because it is a right that must be given to the deserving recipients from the eight categories mentioned in the Quran. It is not permissible to delay Zakat except if there is harm in disbursing it at its due time, or to hand it over to someone more deserving with a slight delay, or due to the absence of deserving recipients. It is not permissible to delay it to benefit from the retained amount.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
62696
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy