[Calculating Zakah]

Fatawa Question

As-salamu `Alaykum, I appreciate and pray to Allah for the work On Islam and its staff and its consultants are doing to help Muslim brothers and sisters understand Islam and apply it. I have a doubt regarding calculating Zakah ; I have invested certain amount in some business venture this year, and I am share holder of 1 % in it but I cannot take part in decision making on business / investment. The yearly dividend (profit) In Sha Allah will start coming only after 3 years from now. And I cannot withdraw my share or sell it till 3 years. Now, do I need to take in to account the invested amount while calculating Zakah ? Or I have to take it only when it starts giving profit or loss ? And should the Zakah be on both invested amount and profit or only profit ? Jazakallah.

Fatwa

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Publication Date

2011-08-23

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Alms tax

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-732876

• APA
• MLA
• AMA