There is some amount in cash (approx. 60 thousand) which is inherited to my daughter from her mother (expired a few years back). Until now, that amount is under my custody (invested in some property on her behalf). Now she is baligh (only 13 years old) and I want to understand the ruling on the amount.
(1) Whether we need to pay zakah on the amount (until now the amount is invested on her behalf and no zakah paid as she was not baligh).
(2) It is very difficult to maintain the amount separately (simply gives extra mental disturbance to maintain the record separately). Is there some way, I can own the cash so that the liability to maintain cash separately is relieved, for example she can hand over the money to me so that I can become the owner. She lives with me only under my supervision. Kindly elaborate on the suggestion.
(1) Whether we need to pay zakah on the amount (until now the amount is invested on her behalf and no zakah paid as she was not baligh).
(2) It is very difficult to maintain the amount separately (simply gives extra mental disturbance to maintain the record separately). Is there some way, I can own the cash so that the liability to maintain cash separately is relieved, for example she can hand over the money to me so that I can become the owner. She lives with me only under my supervision. Kindly elaborate on the suggestion.
بسم الله الرحمن الرحيم
(Fatwa: 1276/984/D=11/1434)
(1) If the property which was purchased with the amount was not bought with the intention of business then zakah shall not be wajib on the property. If it was bought with the intention of business or it was saved in the form of cash or jewellery etc then zakah shall be wajib on it. Zakah shall be wajib after one year when she turned baligh (adult).
(2) Explain what record he keeps, then we may write the reply in detail.
Allah knows Best!
Darul Ifta,
Darul Uloom Deoband