Public Government JAWHAR Staff

What type of business are subject to zakat?

Forms of business are:

i. Private Business (Single)

The business is owned by a private owner. Business capital is made up of own savings and loans. Other financial resources include hire purchase, leasing and trade credit. The owners also have complete control over the business.


ii. Business Partnerships

Business partnership consisting of more than one affiliated to do business with the aim of making a profit. Business capital derived from the contributions of partners. Profit is distributed according to the percentage of capital contribution of each.


iii. Business Companies

The Company is an entity registered under the Companies Act 1965. It is a separate entity with the owner. The Company is composed of private limited companies and public limited company.


iv. Cooperative

Cooperatives are a form of business organization formed by a group of people with voluntary basis equal rights and mutual understanding. Cooperative capital consists of fees and units of shares held by its members.

 

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Jabatan Wakaf, Zakat & Haji (JAWHAR)
Aras 8-9, Blok D, Kompleks Islam Putrajaya (KIP),
Jalan Tun Abdul Razak, Presint 3,
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Last Updated: 29 May, 2020 @ 3:25 PM
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