[P3bWjm1j]

Salam Brothers & Sisters,

With the blessings of Allah I am now on the straight path.; doing my five salat and looking forward to Ramadan & Haj. I want to fulfil my obligations to the best of my ability and understanding.

My question is on Zakat & Tax and I am sure this has been discussed many times before. and I am very confused on this subject.

my questions:

1 Is zakat based on savings in the lunar year or is it based on salary or both

2 If it is salary then is it based on after taxes and personal expenses have been deducted

3 if one holds gold ( jewellery ) not for investment then should zakat be paid on this gold

I read somewhere that zakat is paid on savings held within the year and not salary

furthermore it does not state in the Quran the percentage to be paid so where does the 2.5% rate come from.

So many questions. Please help.

Salam

[Fluivelip]

I think you should try finding Imam nearby, if that is an option.

I got most of my information on Zakat from here: http://www.hidaya.org/publications/zakat-information/

[P3bWjm1j]

Jazakallah

[DailyRingtone]

Internet is not the best source for relegious knowledge and more so when complex ruling is concerned. Ideally approach a mufti specialised on finance related matters.

Any this site www.alqalam.org.uk has extensive material on zakat as it dedicated for finance related subject.
Allahualam