What is the ruling on Zakat for: 1. Income from usurped land? 2. Monthly salary? 3. Invested funds?
It includes all types of wealth. If it reaches the (the equivalent of 85 grams of gold) and one year has passed since acquiring it, after deducting your expenses and the expenses of those you support, you pay its at a rate of one-quarter of a tenth (2.5%), if the agricultural land is rented for money.
The amount you invest and receive profits from: You pay zakat on the profits along with the capital if it is a (partnership) or a share in a trading company. However, if it is a share in an industrial company, zakat is due on the net profits of the share if it reaches the nisab and one year has passed.
If the intention of holding shares is for trading (buying and selling), then their zakat is like the zakat of trade goods, and it is paid on their value at the time zakat becomes due.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Original fatwa ID
- 43598
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- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy