Zakat for an incorporated company

greenspun.com : LUSENET : Zakbt : One Thread

Is zakat due for the profits made by a company? What if the income tax is paid by the company to the tax authority? Is a company considered a legal entity / person in the eyes of the Sharia? Please help me answer these questions as I need to make some decisions asap. May Allah bless you for spending time to solve the above problems.

-- Azman Ahmad (azman@spkb.net), January 23, 2003

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