An Introduction to Financial Sacrifice — Page 177
177 borrow from a mortgage company, the buyer is still the beneficiary. Such expenses will therefore be considered usual. It is not permissible to deduct any installment, mortgage payment, interest or insurance from the one’s real income with regard to Chanda. Q : Can health insurance be deducted from the income with regard to Chanda ? A : The amount paid for health insurance will not be deducted from the income, even if it is mandatory. Except in circumstances where it is deemed to be tax and its benefits cover the whole community instead of the said individual or family. Q: If a M usi owns an immoveable property that he has rented to someone. Does he need to pay H i ss a A mad on income coming as a rent on that house? A: In case any income accrues from the property of the M usi then H i ss a A mad should be payable on such income at the rate of Chanda ‘Am i. e. 1/16. QUESTIONS RELATING TO PROPERTY Q: If a person pays full H i ss a A mad on his income, and does not deduct the amount which he pays as instalments for a new property, will such a person still pay full H i ss a J a ’id a d on that property? If yes, at what rate? And on current Market Value of the house or on the price against which it was bought? A: (a) When a person does not possess the means to buy a property all at once, he acquires a loan in order to buy it. If he wishes to pay H i ss a J a ’id a d upon that property during his life, he shall bear the responsibility for the loan and shall have to pay H i ss a J a ’id a d in accordance with the value of that property at the time of Tashkhees. Loan acquired during one’s life shall not count (for everyone acquires loan now and then and pays it back) (b) A person first produces a source of income and pays H i ss a A mad upon it. He then buys a property with the rest of his income, either with ready money or in instalments. Payment of Wa s iyyat upon that property becomes binding after the