An Introduction to Financial Sacrifice — Page 183
183 behalf of the M usi. Q : What will be the procedure for payment of H i ss a J a ’id a d on demise of a M usi ? A : Payment of H i ss a J a ’id a d becomes incumbent immediately after the death of a M usi. If his heirs are unable to pay H i ss a J a ’id a d immediately, in such a case, if they produce a reliable guarantor, Majlis Karpardaz can grant exceptional permission for burial. Such a guarantee, however, shall be valid for no more than one year. It shall be binding to make the full payment within this time QUESTIONS RELATING TO BUSINESS OR TRADE Q : Will the principle amount which has been invested in business be considered a M usi ’s property? A : The principal amount invested in business shall be considered a M usi ’s property and its full details are required to be given in the Wa s iyyat Form. Q : Will Chanda Wa s iyyat be payable on the net income from business or will it be payable only on the amount which a businessman sets aside from his profit for his daily use? A : Businesspersons shall pay Chanda on their net total income, after deducting from their gross income. Such expenses as are required to generate income. It is not right to pay Chanda only on the amount which has been drawn from the business for monthly expenses. Q : At what rate shall Chanda H i ss a A mad be paid on the income from business? A : A M usi will pay Chanda Wa s iyyat at the rate which he has pledged to pay in the Will, and not at the rate of Chanda ‘ A m. During a M usi ’s life, Wa s iyyat shall be paid only on the income that is derived from his business. Payment upon net Assets i. e. total business assets minus total business liabilities, shall be made after his death, or in case a M usi wishes to pay it during his own life. There is no Chanda on working capital.