I have 2 questions regarding calculating of Zakaat: 1) The land which I have for the purpose of building a house should there be Zakaat on that because last year I deducted the balance of loan amount taken to buy the plot. 2) Is it the total weight of the gold to be calculated for Zakaat or the total weight minus the Nisaab weight.. More
My mum received a compensation of RM15,500 (USD 1 = RM3.80) recently for her accident insurance claim. She received one year later from the date of accident. Since the person who hit her, paid the premium to conventional insurance, so I had asked my mum to pay cash Zakah in order to purify the money and to get God's blessing. I asked my mum to pay.. More
How do you calculate the Zakah of mutual funds?.. More
I started my business in February, 2004, investing a sun of half million Rupees, and probably it was Islamic month of Zul Hall. Do I have to pay Zakah on my money in Ramadan, or after one year passes? How should I calculate the Zakah at the end of the year, the whole capital plus the money that I have at that moment in my hand? What about credit.. More
Is it permissible two wear a silk tie? Is a child's money considered for the Zakah before he is 15 years old?.. More
I have purchased two plots. What is rule for paying Zakah on these plots? Should I pay Zakah on these plots or not? Initially I was paying Zakah on these plots but now I have discontinued it as I read that there is no Zakah on plots if plots purchased for self-use and not with the intention of selling? What happened if I change my mind and sell these.. More
How is the Zakat calculated on the following:Cash in banks,house for personal use, house for rent, house can be rented or for personal use, land bought for building another house, land bought for summer holiday, land for trade, personal belongings, shares investments.Can I consider the monthly payment for my brothers' family/children as partial payment.. More
I live in a non-Muslim country, My husband has small business, and he has debts to the bank.I’m working, and I hardly manage hardly the expenses of the family.We are building a house now with my parents help1.Must I pay zakat ? Is it better to pay zakat monthly or yearly?2.Must I pay zakat on money that I saved a few years for something (like education.. More
My husband and I are first cousins. Two of our cousins are yeateem, and they are brother & sister. We have we were putting some amount of money in a separate account for them, keeping in mind that it will become easier for us to spend money at the time of their marraiges.Now few days back we decided to convert that money into gold, because the rate.. More
I paid Zakat on my wealth last year. However, there is no addition this year. Do I have to pay Zakat again this year on the same wealth for which I paid last year?.. More
I have started construction of a shopping complex for rent. I have been investing money in that project for less than a year. Construction is going on. Should I pay Zakah for the amount I am investing now? If so how it is being calculated?.. More
My friend is working in Europe. He has some savings (more than Nesab). He saved it for his marriage after returning to his country. One of his friends told him that there is no Zakah in this money so, he did not pay Zakah from 1996 till now. He want to ask if he must pay Zakah on this money or not. If "yes", what he will do in all these previous years... More
I'm student with a scholarship to study in another country. I receive my scholarship for every three months. I don't know if I have to pay the Zakah or not? Please let me know and how much if I have to pay?.. More
I don't have a job, but I have a wife and a child. We are being supported by our families and friends. Do I have to pay Zakah from the money that we get for ourselves??.. More
I am a student of a professional college. My father was not able to support me financially, so, I requested someone to help me. He agreed to help me and pay my college fee. He gave me the fee and told me to pay it. But there was time for paying and the amount is with me in an Islamic bank since one year, and I will pay my fee after few months, Insha.. More
You can search for fatwa through many choices