An investor came to Leasing Fund Corporation and inquired how to calculate the zakat of his investment account. Note that the fund which the bank manages invests the wealth of the investors by purchasing assets and then leasing them for the benefit of the fund. In this case, how can the zakat be calculated? Will it be calculated based on the returns that are obtained from the leased assets or based on the total balance of the investor’s account?
Who is Responsible to Pay Zakat in a Profit-Sharing Partnership?
Regarding the zakat on the profits of sharikat al-mudarabah (profit-sharing partnership), is the zakat considered similar to other expenses, such that the profits are distributed only after the zakat has been deducted, or is each partner responsible for paying the zakat on his earned profits?
Zakat on Land that Granted to Others?
A man granted his children some land, is it obligatory to pay Zakat (obligatory charity) on these grants? If so, should they pay it with arrears as from the date in which they received the land? Or should they only pay Zakat from the date when they became aware of its obligation? And how about Zakat on land has been granted to children who are not yet adults? (find your answer here)...
Zakat on Chickens?
It is permissible for Muslim to pay zakat of a chicken farm-based upon its value in money or by chicken itself?...
Zakat Obligatory for Online Businesses Too.
Online businesses are not exempted from paying zakat because there is monetary transaction involved. It is obligatory for online entrepreneurs to pay the rate of 2.5 per cent as long as there’s a year of continuous business and positive income.
Apa Yang Anda Perlu Tahu Tentang Zakat Perniagaan.
Harta perniagaan ialah apa sahaja yang diperniagakan atau disediakan untuk jual beli bagi tujuan mendapat keuntungan sama ada dalam bentuk perniagaan persendirian, perniagaan perkongsian semasa Islam atau dengan bukan Islam, perniagaan semua jenis syarikat, koperasi atau perniagaan saham dan sebagainya.
