| Assalamu Alaikum
We have received the attached from a member who enquired about the Zakaat information this year. Last year we calculated that the Zakaatable assets were approximately R161m. This year it seems that they do not want to release it as it will expose that they have gained further cash reserves whilst the investors are receiving a pittance and continue to suffer. We have concluded that the major chunk of the Zakaatable Assets is Cash Reserves in a company such as AIH Ltd.
We find their response very concerning as Zakaat is always calculated annually in Ramadaan. We find this latest developments very upsetting considering the news of the disbanding of the Shariah Sub-Commitee of the board implying a total unislamic ethos. It seems these muslim directors and their families have no fear of Allah and his laws and are more interested in greed and profiteering. The widows, pensioners and the indigent remain trapped indefinitely in this haraam and alleged illegitimate non-compliant investment scheme.
As Amaanat Minorities NPO we called many times for a poll amongst all investors to establish how many want to remain and how many want to divest unconditionally. This is always dismissed and blatantly disregarded by the directors who say tell the investors to find their own buyers. It is very unfortunate that we have had to engage regulatory authorities and a legal team to fight for the widows,pensioners and the indigent to secure their rights which are been actively violated by the directors and many just want out of this haraam company.
We request your guidance and a Shariah Ruling on the matter of Zakaat and Investor divestment. We also Request for your Duas.
Regards,
Mahmood
AMAANAT MINORITIES
Contact
(031) 309 6871
amaanatminorities@gmail.com |
