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How Employment/Salary Is Considered A Production?
As far I understand there are 4 factors of production.
- Land
- Labor
- Capital
- Entrepreneur
For production to take place all factors should be present. How does employment satisfy these factors or i am wrong about the production definition?
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1 Reply
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How Employment/Salary Is Considered A Production?
updated 2 years, 2 months ago
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This is Ghamidi Sahab’s ‘ijtihadi-itlaq‘. The same way original Zakat on Gold and Silver was associated with ‘currency of today’s time‘ by our traditional jusrists, as currency is also a form of wealth; the same way, Ghamidi Sahab is of view that monthly Salary that one generates should be asosciated with Production the same way currency was asosciated with wealth.
Ghamidi Sahab writes:
…” if the basis of the directive is taken in consideration, industrial produce of all forms, production of all forms based on various skills, rent, salaries (service charges) and fees of all forms obtained in various ventures must be classified as produce and not as wealth; therefore, the zakah imposed on them should be based on the rates specified by the shariah for land produce“.
(Excerpt from Mizan: Javed Ahmed Ghamidi)
(English Rendering by Dr. Shehzad Saleem)
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Please also refer to the following comments of Ghamidi Sahab from 15:50 to 20:09
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