Is it permissible to use Zakat to fund qard hasan, microfinance initiatives or invest into waqf projects?

Q: Is it permissible to use Zakat to fund qard hasan, microfinance initiatives or invest into waqf projects?

الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب

A: It is not permissible to use zakat to fund qard hasan, microfinance initiatives or invest into waqf projects as none of these avenues satisfy the requirement of proprietary transfer to the poor comprising of both possession and ownership.

 

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