Zakah on salaries and income : paying Zakah from investment revenue
Fatawa Question
Assalamualikum Wrb I am anticipating my Zakah will be twice my annual personal expenses after I retire InShAllah currently I pay my Zakah from my income which will not be there upon retirement 15 % of my portfolio is to go to charities listed in my bequest upon my death is it possible (allowed by Shari’ah) if I put 15 % of my portfolio into a tax exempt investment so the income is tax free and use that income to pay Zakah while I am alive and allocate the investment to be given to charities listed in my will ? I will appreciate your advise. Jakamullah Khair
Fatwa
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Publication Date
2006-12-05
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-792347
American Psychological Association (APA)
Qahf, Mundhir. 2006-12-05. Zakah on salaries and income : paying Zakah from investment revenue. .
https://search.emarefa.net/detail/BIM-792347
Modern Language Association (MLA)
Qahf, Mundhir. Zakah on salaries and income : paying Zakah from investment revenue. 2006-12-05.
https://search.emarefa.net/detail/BIM-792347
American Medical Association (AMA)
Qahf, Mundhir. 2006-12-05. Zakah on salaries and income : paying Zakah from investment revenue.
https://search.emarefa.net/detail/BIM-792347
