Legal Personality of Zakāt in Jurisprudence and its Relationship with Public Treasury

Legal personality is one of the newly-emerged legal issues in Imamī jurisprudence that has been the subject of controversy among jurists. This article addresses the validation of the legal personality of zakāt and other financial institutions according to the jurists' fatwās. The existence of rational credit is sufficient to give credit to the legal personality of financial institutions, especially zakat, and there is no need for the non-hindrance of this credit, unlike other rational structures. Financial institutions act in accordance with what the Shari'a, in today's terms, provides for them as articles of association. In the executive branch, the legal personality of Islamic financial institutions is legitimized by considering the province as the ruler and in his absence the province of the believers. By accepting legal personality in zakāt and other financial institutions, examples emerge in Islamic jurisprudence as institutions with legal personality that have previously been questioned or denied by jurists. Finally, the relationship of these legal entities with public treasury has been examined and this relationship has been drawn as the relationship of parent companies with subsidiaries.