Zakat on Sukuk Al Ijarah

By |2023-03-27T09:02:45+00:00September 1st, 2020|Fatwas, Zakat for financial institution and investors|

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 [...]