Zakat on Child Trust Funds – An Overview

In the name of Allah, The Beneficent, The Merciful

First Published: 19th July 2018 | Last Updated: 12th August 2018

This summary discusses whether Zakat is due upon a Child Trust Fund which is held by the guardian, and is an overview of a research paper which can be downloaded here.

This fatwa outlines the rules of zakat on children and discusses the classification of assets which zakat is due upon.

The research concludes, once the child becomes mature and is owner of the niṣāb, the child will be required to pay zakāt upon the zakātable assets within the CTF after the passage of one lunar year from the point of maturity.