Discharging one's zakaat on valuations given of investments
Question
My official zakaat payment date is in Rajab. However, many Islamic investment companies/groups (whether small or big) provide the zakaat valuation/calculation during Ramadhaan some time. Perhaps because people often pay zakaat during Ramadhaan.
In the case where there are hundreds of investors in a company or example a property, it's not possible for them to provide each investor their zakaat calculation according to each persons individual date. It would be too much work. What should one do in this situation?
I have been paying the zakaat on my own Rajab date, and when the investments calculations come through in Ramadhaan, then I discharge that amount as well, with a bit extra.
Answer
What you are doing is correct.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/36609
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-36609
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