22Different Activities

Definition of the Sector This sector includes the provision of health and social care. It encompasses a wide range of activities, from healthcare provided by trained doctors in hospitals and other facilities, to home care involving a high degree of healthcare activities, and social work activities without any intervention from healthcare professionals. The sector includes: ● Activities in the field of human health. ● Care activities with accommodation. ● Social activities without accommodation. The Most Important Items in the Statement of Financial Position for the Information and Communication Sector and Their Zakat Treatment Item Item Nature Zakat Treatment Judgment Current assets Receivables from contracts with customers Representing receivables (revenues) from contracts with customers Non-deductible assets Not deductible from the base as they are Zakatable assets Contractual assets Representing any earned conditional compensations for contracts Nondeductible assets Not deductible from the base as they are Zakatable assets Non-current assets Medical Equipment Representing medical equipment used in the business Deductible assets Deductible from the base as they are non- zakatable assets. Intangible assets - product licenses and product manufacturing Representing the right of license for production and manufacturing medical equipment Deductible assets Deductible from the base as they are non- zakatable assets Current liabilities Obligations for client contracts Representing obligations based on contracts with customers External sources of funds utilized in financing deductible asset Not added to the Zakat base unless they mature after more than 354 days Outstanding bookings Representing obligations for outstanding customer bookings External sources of funds utilized in financing deductible asset Not added to the Zakat base unless they mature after more than 354 days Return obligations Representing contractual obligations arising from failure to realize some of these conditions External sources of funds utilized in financing deductible asset Not added to the Zakat base