An Introduction to Financial Sacrifice — Page 178
178 death of that M usi. But he also has the easy option that, if he so wishes, he can pay this amount during his life. (c) The rate of H i ss a J a ’id a d will be same as the M usi opted for himself i. e. between 1/10 th to 1/3 rd. (d) H i ss a J a ’id a d will be payable at current Market Value when the formal assessment was made except in case the M usi pays H i ss a J a ’id a d on that very property at the time of purchase. Q : How is Wa s iyyat to be paid upon moveable property like shares and other such investments? A : a. Such property (shares) will be taken at their current market value and H i ss a J a ’id a d will be payable upon it. b. H i ss a A mad shall be payable at the prescribed rate on any profits gained from such property (at the rate of 1/10 or whatever the M usi has pledged). This also applies to all other forms of investments. Q: If a M usi owns a house at the time of filing for Wa s iyyat , what would be the rate of Wa s iyyat on the house? A: Minimum rate of Chanda Wa s iyyat is 1/10 th and maximum is 1/3 rd. One can decide what would he like to fix for himself and inform the office. Keeping within the said limit one can have different rates for his property and income. Q: Is car included in the property of a M usi ? A: Car is not included in anyone’s property for the purpose of Chanda Wa s iyyat as other dispensable items except if one has no other property as the basis for his Wa s iyyat and he willingly pays Chanda H i ss a J a ’id a d on his car and similar items. or One’s property mainly consists of such items. or One has an expensive collection of such item that can be considered to be his property. Q : Can the items of common use, like TV, computer, car, etc. be submitted as property when filling the Wa s iyyat form?