Adjusting the zakaat rate
Question
a) Do you agree with those scholars that say that an adjusted rate of Zakaat i.e. 2.577 % should be used when the figures used to calculate ones zakaat are obtained from financial information that are released on an annual basis (solar calendar) example Annual Financial Statements of multinational companies.
b) If Mufti saheb does not agree with the above, what alternative does he suggest to calculate zakaat in the absence of any other financial information?
Answer
1. When there is clear text to prove that the zakaat payable is just one-fortieth (2.5 percent) then who has got the right to make an adjustment to the word of Allah.
2. Zakaat needs to be timeously paid out. With all the technology that is available it is just a small adjustment that needs to be made. Then study your financials in the zakaatable days and pay zakaat accordingly.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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