Section

As for the conditions under which zakat becomes due from the capital owner on the capital and his share of the profit—or on the capital and the entire profit, according to the view that the manager’s share of the profit is assessed on the basis of the capital owner’s ownership, which, as mentioned, is Ashhab’s opinion and his transmission from Mālik, as well as Sahnūn’s position—five conditions apply in his case: Islam; freedom; absence of debt; attainment of the minimum zakat threshold by the capital and the capital owner’s share of the profit, or by the capital and the entire profit according to the aforementioned position, or by the relevant amount together with other wealth, if he has any that he acquired before or at the same time as the capital and did not entrust to the manager; and the completion of a lunar year on the capital, reckoned from the day he acquired it.

Section

According to the position that the manager’s share of the profit is assessed on the basis of his ownership, zakat becomes due from him on that share subject likewise to five conditions: Islam; freedom; absence of debt; attainment of the minimum zakat threshold by his share of the profit, or by that share together with other wealth, even if he acquired that wealth before receiving the investment funds; and the completion of a lunar year from the day he received the funds, even if he only began working with them shortly before the year ended.

Section

According to the position that his share of the profit is assessed with reference to both parties’ ownership, zakat becomes due from him on that share subject to ten conditions: both must be Muslims; both must be free; and neither may have any debt. Seventh, the capital and the capital owner’s share of the profit must reach the minimum amount liable to zakat, either on their own or together with other wealth belonging to the capital owner, if he has other wealth acquired before or at the same time as the capital. Eighth, there must be, in the manager’s share