An Introduction to Financial Sacrifice

by Other Authors

Page 180 of 220

An Introduction to Financial Sacrifice — Page 180

180 purchase it. Full H i ss a A mad shall also be payable on any income that ensues from that property (at the rate of 1/16) c. From the income on which H i ss a A mad is already paid, if a portion is set-aside as saving, H i ss a J a ’id a d is not payable on such saving. But H i ss a A mad will be payable on any income or profit accrues from such saving. Q : What is the rule regarding items which have been bought by selling jewellery? A : If jewellery, on which H i ss a J a ’id a d has been paid, is sold and new jewellery is bought with the same amount, then H i ss a J a ’id a d shall not be payable on the new jewellery. But it shall be necessary to give detailed information about the new jewellery to the office (the type and weight of the new jewellery) and to state that it has been bought with the amount which was gained by selling the old jewellery. But if the new jewellery has been purchased by adding more money to that which was gained by selling the previous jewellery, then H i ss a Wa s iyyat shall be payable on the new jewellery in proportion to the extra amount which has been added. Q : When making Wa s iyyat , is it necessary to set down in the Wa s iyyat form the property which has been acquired on mortgage or loan? A : All property acquired upon loan or mortgage shall be considered the property of the M usi and it shall be essential to mention it in the Wa s iyyat form. It shall also be necessary to give the approximate market value and address of the property in question. If the M usi acquires another such property in the future, he is bound to inform Markaz about that as well. Q : What is the status of property acquired on loan or mortgage? A : The following is a quotation by Hadrat Khalifatul Masih IV rh regarding property which has been acquired on loan: “The basic way to approach this issue is as follows: If a person wishes to pay his H i ss a J a ’id a d during his life, his request is granted with some conditions. But if a M usi says that I have a certain amount of loan to pay upon my property, please deduct