IslamQA

I have some money invested into the Muslim Credit Union.

Answered according to Hanafi Fiqh by DarulUloomTT.net

Question:

I have some money invested into the Muslim Credit Union. I am unable to access these funds. Do I have to calculate Zakaah on this, because that money is very unattainable to me?


Answer:

Salaams,
No, you do not have to calculate Zakaah on it. If you get it in future, you will have to pay Zakaah for the years that have passed (when you did not pay on it).

And Allah knows best,
Mufti Waseem Khan
7/8/2012

This answer was collected from DarulUloomTT.net, which is operated under the supervision of Mufti Waseem Khan from Darul Uloom Trinidad and Tobago.

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