Zakat On Islamic Naya Pakistan Certificate (INPC)
Thanks for further clarifying about the investment in INPC. But I am still not very clear about my original question. If INPC is investment, and if I tie up my money for five years in this investment (I can get it back any time but I have no such intention, and this can be said about many other businesses too), then am I required to pay zakat on the principal amount? If this is the case then INPC investment does not remain very attractive (the net profit will be 6% (on USD account) minus 2.5% = 3.5 % only). Please explain this in a bit detail.