Islamic centers in the west often have investments (halal), mainly profits from joint partnerships and other non-share investments. Is zakah due on the profits of these investments and any other donations to the Islamic Center?
Jazak Allah.
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7,33826/03/1999
How should zakaah be paid on investment accounts that contain both donated money and private funds?
Question: 3934
Answer
Praise be to Allah, and peace and blessings be upon the Messenger of Allah and his family.
This question was answered for us by Shaykh ‘Abd-Allaah ibn Qa’ood as follows:
The shareholders must pay zakaah on their own behalf, but no zakaah is due on the profits stemming from donations.
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Source:
Islam Q&A - Sheikh Muhammed Salih Al-Munajjid
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