This study, titled "Employee Savings Lending and Their Zakat in Islamic Jurisprudence" consists of three sections aimed at clarifying the Islamic ruling on lending employee savings and the process of calculating and paying Zakat on these savings in Islamic jurisprudence. This applies whether the savings are lent out or retained by the state, institutions, or responsible entities. The study adopted the descriptive and analytical methodology, describing and analyzing the Islamic legal issues related to employee savings and loans to derive the appropriate Islamic rulings. The study reached several key findings, the most important of which are: Lending employee savings is permissible under Islamic law if it adheres to Shariah-compliant regulations that ensure justice and prevent usury (riba). Employees must pay Zakat on their savings annually if they have the right to access and dispose of them at will, provided the conditions of Zakat on wealth are met, akin to collectable debts. However, if they do not have the right to access these savings, they are considered non-collectable debts. In this case, Zakat is due only after the funds are received and for one year only, which aligns with the Maliki school of thought. The obligatory Zakat rate is one-quarter of a tenth (2.5%).

Title

مجلة الدراسات الفقهية والقانونية

Publisher

المعهد العالي للقضاء

Publisher Country

Oman

Publication Type

Both (Printed and Online)

Volume

--

Year

2025

Pages

30