Zakah On Investment

I wanted to learn what is your view on application of zakah on money invested in stock shares? Do we need to pay zakah on the dividend alone or on the original investment, which cannot be divested at any point of time or both? In addition to this, we also posed a question that if Zakat is not applicable on the original investment, then whether Zakat is payable on monthly income which is received after deduction of 10% income tax, irrespective of the statutory exemption of income from income tax?

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Unjust Zakah Rates

I fail to understand why the Zakat ratio is 5% for them who invest and include services while Zakat for those who invest or give services is 10%. I understand the professionals who are salaried persons earn much lesser than the businessmen. According to this theory Zakat obligation on businessmen is half of that for professionals who are earning much lesser than the businessmen.

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How To Calculate Zakat On Salary

I would like to know the principal of calculating Zakat on salary. I understand Mr Ghamidi is alone in his understanding that 10% of salary is to be given away in Zakah. Am I correct or any any other scholar/s support/s this? If we say that salary only involves services and no capital, but at the same time we have already spent capital to get good education to get the job and to learn the skills. What about this capital? I am an IT professional. I have to advance my skills all the time through learning new technology. Many time I am paying to acquire advanced skills. What do you say about this? How to calculate Zakat: If i have to pay 10% Zakat, how I will calculate the Zakat? How to calculate NISAB on salary? For example if I am taking salary 10000 Dhs. Basic = 4000 House Rent = 5000 Traveling = 1000. How I will calculate it? If 10% then its mean I have to give 1000 Dhs from 10,000 Dhs. My Question is if i am living with my family my minimum expenditure will be as follow: House rent = 5000 Dhs Grocery = 2500 Dhs Schooling = 1500 Dhs Traveling = 1000 Dhs. I still need some money around 1000 Dhs to accommodating bills and for that either I will be taking loan or cutting my expanses from above. How I will be able to manage 1000 Dhs for Zakat in this case. Even beside this I have family (My father, Mother, and younger sister) to send some money for their monthly expanses. Just I want to know how will apply 10% rule here, because 10,000 Dhs mean 2,30,000 PAK Rs. I think this amount is enough to declare me Sahib-e-Nisaab. Please clarify.

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Investment In The So-called Islamic Banks

I have fifty million rupees deposited in Meezan Bank for seven years. My questions to Mr Javeed Ahmed Ghamidi follow:

a. Is this bank really working as per Sharī‘ah? They do not give fixed profit and claim that they do not invest our money in un-Islamic trades.

b. Do I have to pay the zakah on the original amount deposited and on the profit? Bank deducts 10% tax on my profit each month.

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Zakah On Property

I want to know if zakah is applicable on real estate i.e. open plots given the current scenario most of the properties are unsalable. One option is to pay zakah at the time a property is sold.

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