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(67005)
Monday, August 8, 2011 10:03 PM 

Salam Everyone!

Can any body help? Please help if you can guide that i have one plot for making restaurant from last year...Do i have to pay Zakat on this? more over what value of my business stock i have to pay zakat ? my wholesale value or the retail value? Third and last question is...Zakat is payable on rental income of the properties and what if i am paying tax to govt on my rental income? can i deduct govt paid tax from the rental income? Some body told me that there is no zakat on diamonds? is it true?

Regards

M. Anwar H. (Bahrain) replied on Wednesday, August 10, 2011 10:00 AM 

Mr. Tahir please use this link print this PDF file answers of all questions are in this. Kuwait Finance House Bahrain release according to their shria advisers.

http://www.kfh.bh/media-files/2009/09/05/20090905_zakat-A4-booklet-Eng-4F22AF.pdf

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