Zakaat.

[psyah]

Re: Zakaat.

@TLK

Ok that makes sense. But what if I go on loss?

My capital increase gets invested back in my mutual fund, so its still my money invested in business. Is not that exempted from zakat?

Yes, but business’s are zakatable in different ways …
The calculation is taken from the year’s revenue and not the savings, therefore if you treat it like you are making a business revenue then that applies.

Noting the idea behind zakat is to encourage spending and not saving too much, putting a natural cap based on your earning power. So if you are earning more than is being spent then the idea is to distribute a portion … Without silly amounts going out from your pension fund … This would be the middle way of doing it … Go to various calculation for zakat websites and they say the same thing regarding business too.