Under which case(s) is an IFI required to pay Zakah? a. When the law orders the IFI

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Under which case(s) is an IFI required to pay Zakah?

a. When the law orders the IFI to satisfy the Zakah obligation

b. When the shareholders have collectively passed a resolution requiring the IFI to fulfil the Zakah obligation

c. When the IFI is bound by its charter or by-laws to satisfy the Zakah obligation

d. All of the above

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Related Book For answer-question

Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

ISBN: 9781032464022

1st Edition

Authors: Abdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf, Asfand Zubair Malik

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Question Posted: Mar 11, 2024 03:31 AM

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Under which case(s) is an IFI required to pay Zakah? a. When the law orders the IFI

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Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application

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