What to do with earned interest ? : paying income tax from interest
Fatawa Question
A Muslim living in a Islamic country is paying one income tax I. e., Zakah. But a Muslim living in a non Muslim country like India, Sri Lanka should pay two income taxes I. e., Zakah and income tax imposed by non Muslim government. Is not contrary to the economic equality Islam proposes ? Is there any compensation / concession Islam suggests to the one living in non Muslim country in this regard ? Please advise. Notes : is it allowed to pay income tax imposed by non Muslim government from the interest earned from bank deposits ?
Fatwa
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Publication Date
2002-03-27
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-726210
American Psychological Association (APA)
Qahf, Mundhir. 2002-03-27. What to do with earned interest ? : paying income tax from interest. .
https://search.emarefa.net/detail/BIM-726210
Modern Language Association (MLA)
Qahf, Mundhir. What to do with earned interest ? : paying income tax from interest. 2002-03-27.
https://search.emarefa.net/detail/BIM-726210
American Medical Association (AMA)
Qahf, Mundhir. 2002-03-27. What to do with earned interest ? : paying income tax from interest.
https://search.emarefa.net/detail/BIM-726210
