Zakat on Bonds

By |2023-03-27T09:02:54+00:00September 1st, 2020|Fatwas, Zakat for financial institution and investors|

Bonds are non-shariah compliant investment due to the interest element it generates. If one is in possession of these financial instruments, zakat will be payable on the capital amount invested. However, should they also pay zakat on the interest they are receiving? First, let us categorise haram income into two categories. Those that are haram [...]