The Ifta’ Law number (60) of the year 2006, and the modifying Law number (4) of the year 2009 state that a Board is to be established in the Kingdom and called “Board of Iftaa’, Islamic Studies and Research,” and that the General Mufti (who is now Shaikh Abdel Kareem El-Khasawneh) is the Head of the Board. The following are members: ... Read More
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Should a trader pay Zakah on basis of his profits and unfixed capital? Are business expenses, such as rent and salaries, liable for Zakah or should he pay Zakah on basis of all his wealth?
I have a fixed deposit at an Islamic bank. Should I calculate its Zakah based on the amount of the deposit itself or its profits only?