Business & Trade
At what rate is Chanda Hissa Amad paid on income from business?
A Musi pays Chanda Wasiyyat at the rate pledged in their will, not at the rate of Chanda Am. During a Musi’s life, Wasiyyat is paid only on the income derived from the business. Payment on net assets — total business assets minus total business liabilities — is made after death, or during the Musi’s life if they wish. There is no Chanda on working capital.