I had invested 8000 dhs in a company that paid me profit for a year. For the past one year I havent received any returns and the company came out to be a ponzi company that operated on bitcoin and the owner is in police custody with no guarantee of any returns. They havent paid any of the investors. Do i have to calculate zakat on this 8000 dhs. Kindly reply.
I had invested 8000 dhs in a company that paid me profit for a year. For the past one year I havent received any returns and the company came out to be a ponzi company that operated on bitcoin and the owner is in police custody with no guarantee of any returns. They havent paid any of the investors. Do i have to calculate zakat on this 8000 dhs. Kindly reply.
26May
ANSWER:
There is no zakat on it as it is lost, until you get it back.
I had invested 8000 dhs in a company that paid me profit for a year. For the past one year I havent received any returns and the company came out to be a ponzi company that operated on bitcoin and the owner is in police custody with no guarantee of any returns. They havent paid any of the investors. Do i have to calculate zakat on this 8000 dhs. Kindly reply.