Who is liable to pay the Zakat for a limited company?

  Q: Is a limited company an independent entity in Islam and therefore liable for its own Zakat or does its value belong to the shareholders? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: The liability to pay zakat falls on the shareholders and not the company itself. If taxes have been incurred on the zakat […]

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Is it prohibited to get a tax refund on Zakāt?

Q: It is prohibited to get a tax refund on zakat? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب   A: The benefit prohibited to the payer of zakāt is that which comes directly from the zakat itself.  Incidental benefit from a third party, as in the case of a tax refund, is not prohibited.  

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What is the Shari’ah position with regards to zakah on Murabaha home purchase plans?

Q: What is the Shari’ah position with regards to zakāh on Murabaha home purchase plans? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: Under the Murabahah home purchase plan the client incurs a debt for the balance of the purchase price that is payable over an extended period [typically 25 years as mentioned]. […]

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