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Investing Zakat And Using The Return To Help The Needy
Can zakat be invested and the return of the investment be paid to deserving. For example, you buy gurantee income bonds with zakat money and use the income of bonds to pay deserving.
Jazakallah.
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1 Reply
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Investing Zakat And Using The Return To Help The Needy
updated 3 years, 7 months ago
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Zakat can be used for any purpose to serve the creator in this world and for welfare of his creation. Therefore such an investment can be made. For comments of Ghamidi Sahab, please refer to the link below from 1:18:15 to 1:18:58
https://www.youtube.com/live/apcKbzBbQow?si=-B1iUWYFkr4l0XlL&t=4695
For further details on Heads of Zakat, please refer to the following response:
Discussion 49509 • Reply 49515
However, it needs to be accessed separately whether those bonds have any element of interest in them or not. For instance, there is certain objection on government savings schemes and similar investments.
(Please see: Discussion 1276)
AND
Also refer to the video below from 1:18:50 to 1:19:37
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