Zakat on money deposited in insurance and insurance companies 2438989277
Monthly Al Kawthar•zakat-fitra•
Question
We know that zakat (if 1 year has passed) and qurbani are obligatory if one needs extra nesab amount of wealth. Now I know that I have many relatives who are seemingly poor. The family goes through hardships. But they are thinking about the future, such as giving their daughter in marriage, building a house, etc., and depositing money in various insurance and insurance companies. Which has already become the amount of nisab. Note that this is money but currently they need extra. In this case, will Qurbani and Zakat be obligatory on them and will it be lawful for them to eat Zakat goods? Oblige with the right direction. 5453413229
Answer
- حامداومصلياومسلما، بسم الله الرحمن الرحيم -
If the amount of money deposited is nesab, then the qurbani will be obligatory for whatever purpose it is kept and the zakat of that wealth will have to be paid annually Such a person cannot accept zakat. Note that the transactions of conventional insurance companies are based on interest and gambling. So it is completely forbidden to participate in it. 5184523321
- والله اعلم باالصواب -
* This Fatwa was translated by Google Translate.
To see the original click here
Source
- মাবসূত সারাখসী, Part: 2, Page: 189
- আলমুহীতুল বুরহানী, Part: 3, Page: 156
- বাদায়েউস সানায়ে, Part: 4, Page: 196
- আদ্দুররুল মুখতার, Part: 2, Page: 259
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