Document Details

Document Type : Article In Journal 
Document Title :
Zakat on Fixed Investments
زكاة الأصول الثابتة الاستثمارية
 
Subject : Notes 
Document Language : Arabic 
Abstract : Contemporary application of Zakat, practiced in some Muslim countries and expected to be implemented in some others, raises the question of zakat on fixed investment. The question has generated divergent views by Muslim jurists. The present paper concludes that fixed investments should pay zakat on similar terms to zakat on traded assets; i.e. 2.5% of their marked value (at the end of zakat year) plus cash in hand. The view taken in the present paper is based on the economic characteristics of fixed investment as compared to other zakatable assets, on shari'ah rules and on considerations of equity. Other views are also examined. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 7 
Issue Number : 1 
Publishing Year : 1415 AH
1995 AD 
Number Of Pages : 42 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
منذر قحفMONZER KAHFResearcher  

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