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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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3 Replies
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Zakat On Gross Or Net Industrial Production
updated 5 years, 3 months ago
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Replies
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Zakat on industrial production as per Ghamidi Sahab should be 5% for industrial production on value addition only:
Please refer to the video below from 20:10 to 24:08 and from 25:36 to 25:57
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Please also refer to the video below from 1:19:38 to 1:20:23
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Jazakallah Omar Bhai. This does help.
Thanks & Regards,
Sponsor Ask Ghamidi
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