Mufti Online — Madrasah Ta'leemuddeen

Zakaat on an investment

· 21 Shawwal 1435 AH1 min readEnglish

Question

I'm the executor of my dads estate. One of the bequests was to pay my younger sister a stipulated accumulative amount on maturity of a fund that's held at Oasis. During this period of maturity which might take a few more years to earn. The amounts accumulated over the last 4 years,do we have to pay zakaat on the current amount, and the amounts over the last 3 years? The account is on my sisters name who is of age, although i'm in control of the account.

Answer

Yes, you will pay zakaat for the past as well.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/7414
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