Zakah on Stocks

Please elaborate whether stock are zakatable? If yes, please tell the percentage to be applied if they are kept for capital appreciation? What would be the share value to be used for calculation i.e. cost or market value?

I have had shares for five years and never paid zakat on them, should I go back in time to calculate the cumulative amount to be paid on the same principle advised in responses to the questions above? If yes, what is the percentage to be applied?

Is a rental property zakatable? What value should be applied if there is no income left after paying the mandatory mortgage interest and other running expenses? Your guidance will be much appreciated. 

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Tax And Zakah

On top of the zakat on all our assets, the government imposes tax on the same. What is your view on this - which one is deductable in legal terms?

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Paying Zakah In Advance

Is it possible to give Zakat in advance? For example, if someone's Zakat is Rs. 20,000 for this year, and they need to pay extra (for example, in order to help someone), and next year, just pay the balance, is that permissible? Or is the extra counted as non- Zakat charity and the next year, they have to start afresh.

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Taxes And Zakah

There are lots of people who do not want to pay full tax on their salary. They show their official salary so low that they have to pay minimum taxes Alhamdulillah many in Pakistan and almost everyone in my small company is paying zakat. What I wanted to ask whether paying taxes is as important as paying zakat. Is it one and the same thing? I mean if by zakat formula our zakat payable is Rs 1000 and taxes payable is Rs 1500. Then when we have paid Rs 1500 in taxes do we need to pay the zakah separately?

We have to pay the taxes to the government no matter how corrupt we can claim it to be. But still it needs that amount to run its affairs. And we can see as today petrol prices have been increased by 6 Rs. This is disastrous to a nation. But at their part what can they do. They have to pay for which they need to collect and if we do not pay then they have to charge from us indirectly like this. So isn’t this better to adjust tax from zakat. Instead of saying that because I pay full zakat so I can pay 0% tax. My idea is that by doing so I am only putting my fellow countrymen in trouble. I agree that most of the money would be spent on government luxury but still that is their act. They have to be answerable to this not us. I shall be really thankful for your comments in this

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Imposing Taxes Other Than Zakah

Does not the verse 9:5 entail that the government cannot introduce and impose any taxes other than the zakah? The verse reads: If they have repented by establishing the Prayer and paying the Zakah leave their way.

This verse defines the limits of law making by any act of parliament as well. Any parliament cannot change the basics of law and order and cannot change the basics of charity and at the same time, cannot change the “get out of the way” instruction and keep getting into the way of the people with different agenda.

This follows that parliament cannot form any welfare financial institution. For that it will need money and as parliament cannot change the basics of charity or raise money for any other agenda, so it will become practically impossible for parliament to do anything for the welfare of underprivileged.
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زکوٰۃ یا ٹیکس

زکوٰۃ اسلامی حکومت کا ٹیکس ہے ، ہماری حکومت خالصتاً اسلامی نہیں اور نہ وہ ہم سے وصول کیے ہوئے ٹیکس کو زکوٰۃ کے آٹھ مصارف پر خرچ کرتی ہے ، تو پھر ہم کیسے سمجھ لیں کہ ہماری زکوٰۃ ادا ہو گئی ہے؟


تنخواہ پر زکوٰۃ یا ٹیکس

کیا ایک آدمی کو اپنے مال پر زکوٰۃ بھی دینا ہو گی اور حکومت کے ٹیکس بھی دینا ہوں گے؟ نیز اگر تنخواہ پر پیداوار کی ماہانہ دس فی صد زکوٰۃ ادا کرنے کے بعد سال کے آخر میں کچھ رقم جمع ہو جاتی ہے تو کیا اس پر مال کی زکوٰۃ بھی عائد ہو گی۔


رياست ، زکوۃ اور ٹيکس

آپ نے ايک پروگرام ميں بتايا تھا کہ زکوۃ دراصل رياست کو ديني چاہيے۔ ليکن رياست زکوۃ کي بجائے ٹيکس وصول کرتي ہے۔ کيا ايک شخص جو ٹيکس ديتا ہے اس ميں سے زکوۃ منہا کر سکتا ہے۔ دوسرے زکوۃ کي بہت سي قسميں ہيں ، آپ کے نزديک ٹيکس کي کون سي قسم سے زکوۃ منہا ہو سکتي ہے؟ ويسے عام اہل علم زکوۃ اور ٹيکس کو الگ الگ چيز سمجھتے ہيں۔