Studying Islam

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[quote]Assalam o Alaikum Sir,

This is a great course and I am sure this will be very helpful for people like me. Sir, Currently I am not studying this course due to some other assignments and another course at your website. I hope still I can ask some of my problems:

1. I have some amount with me which I have invested at Amdan Certificates of Meezan Bank. The Bank claims to be Islamic bank and dispurse profit not interest. I want to ask about the zakah which I have to pay? Do I have to pay on profit? If yes, what should be the ratio? Please note that Profit is paid on monthly basis. Also please mention if it is ok in investing such certificates.

2. According to your poingt of view, a salaried person should pay 10% zakah from each month's salary ( If I have understood it correctly ) but Government is NOT allowed to take any other TAX. In our country, we have to pay lots of taxes which may be deducted from the Zakah. My main problem is How to calculate the TAX paid in a month as there are so many hidden taxes on everything you buy, go out for eating, for any entertainment, tax paid in different utility bills, buying any thing from anywhere whcih may be as small as a cold drink. All this makes it almost impossible to calculate the amount of tax paid by any person in one month. In this case, what should we do to calculate the exact Zakah?

If the government is only taking Zakah, then it would be much simple and easy to pay 10% of my salary, but now its next to impossible, specially for person like me who is very bad in maths :)

I hope I am able to clarify my questions.

Regards[/quote]

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