Q: The deceased had a living annuity where his pension was invested after he retired. There were two investments, one to offset the tax and the remainder for daily living expenses.
The investor split this into four:
Oasis Crescent Equity 10.000%
Futuregrowth Albaraka Equity 10.000%
Excelsior Shari`ah Balanced 25.000%
Oasis House View 55.000%
Question: Is the payout from the deceased estate, which includes above investment values, free from any doubt? If not, if one is inheriting from this estate, what should be done with the money? Is the payout Zakaatable or should all be paid as if it is Interest?
Please advise...
A: In order to tell you that this is free of any doubt we need to know the workings of these companies. We do not have their workings. Hence we are not in a position to comment.
And Allah Ta'ala (الله تعالى) knows best.
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