Zakat On Fixed Deposit
Faisal, 1. Bank fixed deposit scheme is not the only place you can lock your investment. 2. There are many fixed assets on which Zakat is paid from other liquid assets. 3. I didn’t mix inflation with Zakat but used as an equation for someone’s savings. Although I agree to disagree that just like income taxes, inflation is an indirect tax levied by the government and governments can and do manipulate inflation. My understanding is that Ghamidi Sahib encourage free speech and challenges. I am not a scholar, but I challenge perhaps some aspect need further exploration. If you want me to quit, I will.
#1 – Agree. Each scheme will be looked at individually to figure out whether or not it’s permissible. #2 – Agree. #3 – Of course any concept or idea is open for revisitation and discussion, however, there has to be a sound basis upon which an idea is challenged. Such an exercise on the basis of our own wishes is contrary to the letter and spirit of religion.