Alms Tax: Purchasing Property from Zakat as a Charitable Endowment for Dependents
Practical Laws of Islam as per the teachings of Ayatullah Sistani
Ruling 1995
A person cannot buy property from zakat and give it as a charitable endowment to his children or to those whose living expenses are obligatory for him in order that they spend the income generated from that property on their living expenses.
-Ayatullah Sistani, Practical Laws of Islam, Alms Tax (Zakat)