investment

A Detailed Analysis of Zakat on Inventory and Investments

To download the research in PDF format Click Here Researched and written by Mufti Faraz Adam, Amanah Advisors Reviewed by Khondamir Nusratkhujaev, AAOIFI, Board member Checked and Approved by Mufti Mohammed Zubair Butt Summary:  Zakat is payable on Amwal al-Tijara. Amwal al-Tijara are inventories purchased for resale in the ordinary course of business. Any asset purchased for resale as […]
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Is Zakat due on Sukuk al-Ijarah investments?

Question: Is Zakat due on Sukuk al-Ijarah investments? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: Ijarah Sukuk is based on an underlying Ijarah structure. Certificates are issued by a special purpose vehicle that entitles the holders to an ownership interest and a right to a return in proportion to […]
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