FatwaPenangZakat
Fatwa Mengenai Zakat Al-Mal Al-Mustafad
What is al-Mal al-Mustafad and how is its zakat calculated in Penang?
Short answer
Al-Mal al-Mustafad refers to income or property acquired through wages, rewards, gifts, transfers and similar means, not from returns on savings, investments or trading.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Penang State Mufti Department
- Status
- Fatwa committee decision
- Series
- Himpunan Fatwa (Warta)
- Topic
- Zakat
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Al-Mal al-Mustafad refers to income or property acquired through wages, rewards, gifts, transfers and similar means, not from returns on savings, investments or trading. Zakat is calculated on total income at 2.5 percent for various types, such as gratuity, VRS compensation, land acquisition compensation, family takaful, and withdrawn EPF and LTAT contributions. For proceeds from property sales, related debts are deducted first where they exist. For inheritance and matured life insurance, the nisab determines whether zakat is due immediately or combined with other wealth.
Written in our own words from the original fatwa — check the source before acting on it.
Al-Mal al-Mustafad adalah apa-apa pendapatan atau harta yang dimi liki dengan cara upah, ganjaran, pemberian, pindahan dan lain-lain pendapatan ya ng bukan berpunca daripada pulangan simpanan, pelaburan atau aktiviti jual-beli.
Read the full fatwa on the Penang website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Penang State Mufti Department. “Fatwa Mengenai Zakat Al-Mal Al-Mustafad”, date not stated. https://mufti.penang.gov.my/index.php/awam/fatwa-1/himpunan-fatwa#fatwa-mengenai-zakat-al-mal-al-mustafad. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/zakat-al-mal-al-mustafad-penang/