Question ID: 26697
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assalaamoalaikum,
we have formed a property syndicate and have issued shares in the company. The Co. only owns properties. We intend listing this company so that the shares can be easily traded. What is the situation with zakaat liabillities as sometimes when we have income we declare dividends. Sometimes there is no income.
Is zakaat payable only on the income of Capital and income.
JZK.

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Asked on July 26, 2014 6:57 pm
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Zakaat is payable on only the income. It will be added to your assets.
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Answered on July 26, 2014 6:57 pm