Would it be permissible to benefit from a tax relief whislt donating Haram earnings to a charity ?
Fatawa Question
I have about £ 1000 worth of shares in a bank. I now understand its impermissible to hold such shares, so I was going to sell them and give the money to charity with no expectation of reward. However I’ve learnt from HMRC that if I gift qualifying shares to a charity there is income tax relief and potentially capital gains tax relief available. Can I dispose of these bank shares in such a way, thus obtaining the income tax relief as a benefit ?
Fatwa
Click hereto view more
Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2015-01-05
Country of Publication
United Kingdom
Main Subjects
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-727098
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2015-01-05. Would it be permissible to benefit from a tax relief whislt donating Haram earnings to a charity ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727098
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). Would it be permissible to benefit from a tax relief whislt donating Haram earnings to a charity ?. Manchester England : al-Qalam Shariah Scholar Panel. 2015-01-05.
https://search.emarefa.net/detail/BIM-727098
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2015-01-05. Would it be permissible to benefit from a tax relief whislt donating Haram earnings to a charity ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727098
