I pray you are well
I saw a pension document which was prepared by Mufti Faraz. In that document it mentioned certain proxys which could be used to determine the zakatable assets of a particular fund. The proxy for money markets was 100%. Now I understand that investment into money markets is unlawful, and also understand that 100% are zakatable assets. The question I had was if this investment is unlawful do you have to pay zakat on this? If so on how much.
For example, if £5000 had been invested into these markets would you only pay zakat on £5000 and not more as any profits gained would be unlawful. Also, if a pension is invested into different funds would it possible to work out exactly how much profits have been raised through each fund or are you just provided with a total.