I need to pay Zakaat on the gold I own. It is around 500gm. I don't know if this amount is correct as in Pakistan the unit of measurement is called 'Tola', which approximately equals 10gm. I have 50 Tolas of gold. Can you please tell me how much Zakaat is due on it per year? Besides my husband owns property in the form of land this is how he plans to.. More
I am doing business in non-Muslim country, in there bank giving interest for which I have deposit. How to treated that money in Islam point of view. I am usually giving to charity for Muslim people who is needed.
Secondly, my income is based on receiving commission - for which I sold on behalf of others, we accept certain %. My question is: Zakaat.. More
I own a shoe store which I started 8 months ago, business is not doing good I cannot even make enough to cover my monthly expenses, I own all the inventory but I have no cash at all, usually I pay Zakaat every Ramadhaan and in previous business I was paying Zakaat on the inventory and the extra money I had in the bank but now all what I got is.. More
Is the Nisaab of Zakaat different for different countries? Should it be the same for a person of Somalia where most of the country is below the UN established poverty line and for Switzerland, where hardly anyone is below the poverty line? The Nisaab set by Mohammad, sallallaahu alayhi wa sallam, for the camel, the goats and the gold, all were.. More
Can I give Zakaah to one who is quite poor but, not mindful to his religion and even does not pray the obligatory 5 times of Salah daily? He is, however, a Muslim having belief in Allaah and His Prophet, sallallaahu alayhi wa sallam, along with other requisite factors required to become Muslim. Await guidance... More
I'd like to ask a question since you helped me the last time. I've been keeping money from last year; each month I put part of my money aside and now a year later, I'd like to know If I have to pay the ZAKAH on the amount I have a year later or is there another calculation and is it still 2.5%? Who is eligible to receive the Zakat?
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How I will calculate the Zakaah every year. Please note that I have a fixed deposit in a bank run with Islamic procedure. This deposit is tied for 5 years. Bank is calculating the profit every 6 months and adding to my principal amount and thus the amount is increasing. The rate profit is as declared by bank's management in keeping with the business... More
I put some money with a brother, who is buying properties (houses) to rent them, every year the brother pays Zakaat on the profit including mine and add the remaining profit to my capital with him and he tells me the amount of my new capital.
My question is because my money is invested in these houses but I do not owe a house and if I want.. More
I'm retired. Must pay monthly 600 dollars for my 2 sons schooling for the next 3 years. The amount of money I have in bank can hardly cover above expenses. Should Zakaat apply? .. More
Is Zakaah money calculated on used jewelry as per new jewelry price of same quantity or as per the present market price of same used jewelry which is subject to paying Zakaah? .. More
I had a plot of land with a building which had many shops from where I collected rent. Every year I gave Zakaah from the income I got from rent, as it fulfilled the conditions for Zakaah. Last month I sold the building and naturally from the sale I got huge amount. With this money I will buy a land for building my house and another land to build.. More
I have only two questions, all are concern to Zakaat Al-Maal. My first question is:
Somebody gave me a credit for the business. That money is my possession until one year I shall put the Zakaat for the profit that I got or all money I have? Because I shall pay the person who had gave me that credit.
My second question is:
I did the business.. More
Al-Zakaat for Al-Waseea'a at banks. How should it be? 2.5% can be calculated after Arbaah then paid from it? Or should al-Zakaat be paid from both, original amount and the benefits? .. More
I have some non-agricultural land, I want to know how am I supposed to calculate Zakaat? Will it be calculated on its price when it was purchased or on its current price?
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With all respects I want to ask you some questions to increase my knowledge and to do what Allah wants me to do Insha Allah.My question is, is there any Zakah on gold jewelry? I have heard there is a school that says there is no Zakah on women's gold jewelry. I am so confused. Can one ask a Fatwa on the same topic from different scholars? Why there.. More