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Zakat On Gross Or Net Industrial Production
Ghamidi Sb in his lectures mentions that there is Zakat on Production as well and that is 5, 10, and 20%.
This sounds too high since it seems that it is on Gross Production not Net. There are a lot of businesses where the profit rate is around 5-10%. If Zakat is on gross then the business cannot survive.
Please guide on this.
Jazakallah
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