Question
Riyadh rental Car Company has been registered with the Ministry of Commerce. In light of this, the Zakat and Income Authority have been registered the
Riyadh rental Car Company has been registered with the Ministry of Commerce. In light of this, the Zakat and Income Authority have been registered the company automatically. The company bought 50,000 cars for 50 thousand riyals for each car. The company plans to sell all cars in ten years from the date of purchase. The company's monthly income is 500 thousand riyals. Knowing that he company was listed in Saudi stock market exchange. The company pays Monthly 100 thousand salaries to workers, and 10 thousand riyals for car maintenance. The company has invested 10 thousand riyals in Abdullah Al-Abdullah Company for Cars Sale. The Riyadh Company announced the distribution of dividends in the amount of 100 riyals for each share. Questions: Can the company object in such registrations for Zakat in Zakat and Income Authority, and would the objections be accepted, explain your answer, stating the legal text and writing complete analysis. Let suppose that the company is subject to Zakat, which of the above items should be added to the Zakat base and specify the items that should not be added to Zakat bass.
State the legal text and write a completed analysis.
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