In a Mudaraba contract, zakat on the profit generated by the investment, will be payable by the capital owner. If the investment manager is considered as a Mudarib, then he will not pay zakat on his share of the profit until it is distributed to him, and one lunar year has passed subsequently. This is [...]
The objective of this Sukuk is usually similar to Ijarah financing, which starts with a lease contract, and ends with a promise of selling the underlying asset. Sheikh Abdullah bin ‘Issa is of the opinion that the zakat will be due every year on the total revenue generated. It does not make a difference if [...]
Since the objective of Sukuk Al Murabaha is for reselling, zakat will be due on its total market value of the zakat anniversary date. And Allah knows best! (Mufti) Billal Omarjee
Sukuk bought for trading purposes will be zakatable at their full market value, on the zakat anniversary date. This opinion has been formulated by the IFA of Jeddah and the Zakat House of Kuwait. And Allah knows best! (Mufti) Billal Omarjee