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  2. Zakaah (Obligatory Charity)
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33 fatwas

  • Zakah of a sum allocated to repaying debts

    A person borrowed a sum of money from a bank to repay throughout a certain period. This person was able to collect the sum and he decided to pay back the loan before the appointed time its repayment is due. He is asking: Should he pay Zakaah for the sum he collected to repay the debt if a lunar year elapsed on it? .. More

    71826 1-4-2013

  • Not paying Zakat on debts

    I graduated form university about 2 years ago and I have about 6o,ooo dollars in college loans I'm paying the loan monthly with interest and I also have a house Morgage which I also pay interest on. Alhamdu le Allah I make a very good living and I was able to accumolate enough wealth to pay a good amount of zakah on it but when I did the calculations.. More

    101336 15-11-2007

  • Zakat on debt in business

    Aasalaam alaikum. I want your guidance for calculating my Zakah. I am engaged in a small business of supplying engines to taxi (car) owners in India. They pay the engine price in instalments. Hence, i have some money to be received from the taxi owners (which insha-allah i may receive during the coming months / year). Do i need to pay Zakat on this.. More

    92482 27-9-2006

  • Zakat on money kept to be paid for a purchased land

    I have purchased in December 2005 a piece of land. I have partially paid its cost (a kind of down-payment) waiting for transaction finalisation (some paperwork to be provided). I still have to pay around 20,000 $ which I have kept in my bank account. Do I have to give Zakat on this amount knowing that one I may finalize the issue at any time (depends.. More

    92458 19-9-2006

  • Zakat on gold saved to pay off a loan

    My friend has a question about Zakaah. She wants to know if there is Zakaah on gold if it is being kept to pay back a student loan. She has to pay off a loan, so can she buy gold without paying Zakaat on it. This will eventually be used to pay back the loan. .. More

    91769 3-4-2006

  • Zakah on money one borrowed from others

    Please give me a detailed answer to my questions, about Zakaat.1- I have a debt that amounts to $ 8ooo; I am not intending to pay the whole dept at once. I am only making monthly payments which may take more than a year for finish up, should I deduct the whole debt (total $8,000) then pay Zakaat on the rest?, or deduct only the amount of a single.. More

    91171 16-2-2006

  • Zakat matters

    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

    89757 13-4-2005

  • Zakat on life insurance

    I want to know details about Zakaat on life insurance policy amount... More

    88948 1-12-2004

  • Zakat on pension plans

    The pension plan in theUS under what is know as (401K), is a deduction of one's pay check that goes directly toward selected stocks, where the money is invested on ongoing basis until the age of retirement. During that time, of course there are accumulations on yearly basis. Of course as an investment this saving is subject to gains.. More

    88934 1-12-2004

  • Calculating Zakat on funds

    I have Nani (mom's mom), non-working Mamu (70% mentally retired), non-working Khala (not divorced by left over by husband who is in Karachi), she is also suffering from mental disorder 50% about mentally retired and mamu's working daughter 23-years-old. Their monthly earning is my nana before expiring left a piece of land which my nani.. More

    88822 28-10-2004

  • Paying Zakah for business which has credit transactions

    I run my business and there is always some amount that has been given on credit and likewise I've taken some thing on credit, How should I pay the Zakah? Should I take all liabities and other things in account before deducting the Zakah? And can I also give Zakah in portions or should I take it out at one time... More

    87557 11-5-2004

  • Paying Zakaah on Provident Fund

    I am working in a multinational company and company holds 10% amount from my salary and add 10% amount from company's part and place this amount in Provident Fund account. This amount adds up every month and remains with the company till leaving company or getting provident fund for urgent needs like home purchase or hospitalization uses. Is there Zakah.. More

    86229 14-9-2003

  • Paying Zakah on loan

    I got 8,000 pounds and I lent 5,000 to my friend. I have only 3,000 pounds, so do I have to give Zakaah from all 8,000 pounds? .. More

    84378 26-6-2002

  • Paying Zakah on company's savings plan

    Do we have to pay Zakah on the company's savings plan?.. More

    84253 29-5-2002

  • Zakaah on Retirement Fund

    I am working in a multinational company and my company deducts 20% of basic salary (10% from employee end and 10% from employer end) as provident fund from monthly salary. Company also provides certain amount under gratuity head on annual basis but retains both provident fund and gratuity till retirement or resignation from company. Total amount of.. More

    83679 22-1-2002

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