Posts Tagged ‘penalties and interest’

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Consequences of zakat nonpayment

March 6, 2010

Time for a refresher on zakat basics.

What is the consequence for a Muslim who does not pay the zakat?  His wealth will be made like a venomous snake.  “The snake will encircle his neck and bite his cheeks and say ‘I am your wealth, I am your treasure’” (Sahih Bukhari, 2.24.486).

"I am the wealth you failed to pay zakat on--hiss!"

Well, at least Saudi Arabia isn’t throwing people into the snake pit.  This article from the Saudi Gazette on Feb. 7, which addresses corporate zakat, offers fines and tougher audits.

JEDDAH – The government intends to crack down on those companies not paying Zakat (tax), according to Ibrahim Al-Muflih, Director General of the Zakat and Revenues Department.

He said that there are new draft regulations for collecting Zakat now being studied at the Experts Commission and related authorities.

Al-Muflih said the draft regulations have increased the fines for evasion to 25 percent of the amount owed. Read the rest of this entry ?