Message No : 18Sr.No : 430/725
Question By : Komoruzzaman Ahmed

Assalamu Alaikum,
Can Zakat Money be given as Interest free loan to students or other needy person for business purposes?
Some people do not like to take Zakat but would take loan on condition of repayment.Whether these people can be helped with Zakat loan?
With best regards.
Allah Hafiz.
Ahmed.

 

Reply By : Md. Asad Qasmi
Designation : Mufti, ODI, MMERC, Mumbai 

In the name of Allah the most Gracious the Most Merciful

The answer to your question is as follows:

In Zakat payment, it is necessary to hand over the Money in the ownership of the poor or needy people. If one gives Zakat funds to a student or poor people with the intention of return, it will be against the Islamic laws. So if one wants to help such people by money, they should give of what they have other than Zakat amount. They will be rewarded too Insha Allah. (And Allah knows best)

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