Detailed Zakat Information
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In the case of trusts, whether family trusts or created under a will, Zakat is payable each year on the Zakat-able assets of the trust less allowable liabilities. Where a family trust is created solely for tax planning purposes, the Zakat is payable by the true donor – the person whose assets are transferred into the trust. In all other cases, the Zakat is payable by the beneficiaries of the trust in proportion to their respective shares.
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