Is the company's method of calculating Zakat Sharia-compliant, taking into consideration the inclusion of new heirs and a change in the method of calculating Zakat on their capital?
The partnership established before the father's death is valid, and its profits are to be divided according to the partners' agreement. Its is also valid, as zakat is not obligatory on fixed assets, but rather on their income if it reaches the .
After the father's death, his share transfers to his heirs, and the partnership between him and his children is dissolved. The mature and رشيد (of sound judgment) heirs have the option to maintain the partnership as is, change the profit-sharing ratios, or dissolve the partnership.
The ruling on zakat remains the same: the value of fixed assets is not added to the wealth subject to zakat. Each partner whose share reaches the nisab and a hawl (full lunar year) passes upon it must pay his zakat without calculating the value of the fixed assets.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/105221
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 105221
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy