Zakaat on the capital amount in a mudhaarabah transaction
Question
Is zakaat compulsory on the capital amount in a mudhaarabah transaction?
Answer
Yes, provided the capital amount is in cash or it has been used in zakaatable assets.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.