Zakat Expert

Q: Is Zakat due on the asset class fixed interest/income in a pension fund?

A: Fixed interest/income includes bonds, gilts, high yield credits, money markets etc. Despite the unlawful nature of this investment, the invested capital is 100% Zakatable whilst returns are unlawful and must be dispensed in charity.

And Allah knows best!

Mufti Faraz Adam

Helping you bring Zakat
to life where you live.

 

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