-
Zakat/Tax On Industrial Profits
Assalamualaikum!
Big industrialists often make huge profits. This leads to extreme income inequality and this has detrimental effects on society.
As per Islamic economic directives, how much can governments tax/ extract Zakat from the industrial profits? Can it be 40-45% as is in most western social democracies?
Jazak Allah.
Sponsor Ask Ghamidi
In the last 1883 days, 8,971 registered users have posted 65,117 messages under 18,894 unique topics on Ask Ghamidi.