IslamQA

Can Monies from MCU being calculated in Zakaah?

Answered according to Hanafi Fiqh by DarulUloomTT.net

A: Assalaamu Alaikum,
Can Zakaat be calculated on money in MCU (Muslim Credit Union)  that cannot be withdrawn at this time? Also, can Zakaat be calculated on the Hajj fund in Takaaful?
JazaakAllah.
Farouk.

Wa Alaikum Assalaam,

A: Yes, zakaah will be calculated on the money in the MCU because there is hope of receiving it. Zakaah will be calculated on the Hajj fund as long as it is not used for the Hajj.

And Allah Knows Best,

Mufti Waseem Khan.

16/07/15.

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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