An Introduction to Financial Sacrifice

by Other Authors

Page 78 of 220

An Introduction to Financial Sacrifice — Page 78

78 CENTRAL RESERVE 1. Central reserve generally consists of funds transferred from the following sources: i. The portion of Markaz from Chandas which come under Regular Income. ii. The portion of Markaz from Chandas which come under Conditional Income. 2. According to the rules and regulations, the income received under Regular Income should be transferred to the Central Reserve at the following rates: i. 25% of Chanda ‘ A m ii. 25% of Chanda H i ss a A mad iii. 100% of Chanda H i ss a J a ’id a d iv. 100% of Chanda Ta h rik-e-Jad i d v. 100% of Chanda Waqf-e-Jad i d vi. 100% of MTA ( Am a nat Tarbiyyat ) 3. Similarly, the amount of income that comes under Conditional Income shall be transferred to the Central Reserve at the following rates: i. 75% of S adaqa ii. 25% of Zakat iii. 100% of Eid Fund iv. 10% of Fi t r a na It implies that 25% of S adqa , 75% of Zakat and 90% of Fi t r a na should be spent at the national level. But in case it is not possible to find the deserving people at the national level, then all such amounts shall be transferred to the Central Reserve. INSTRUCTIONS ABOUT CENTRAL RESERVE 1. In keeping with the regulations, the Central Reserve should be kept completely separate. 2. It should be shown in the National Expenditure.