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 father has some money in a bank in one of the Arab countries. He gets interest on the account and does not pay Zakahon this money. We try to advise him to pay the Zakah but he says that the money is not his and it belongs to us (his children). We have no access to the money as the account is still in my father's name. The question is can.. 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
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
Is it mentioned anywhere in the Holy Qur’an or Sunnah that the Zakah must be paid once a year after calculating certain things. If ‘yes’ please quote the reference.If ‘no,’please explain how it should be calculated, whether daily, monthly, or yearly basis... 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 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
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
Is there any proof in Qur'an or Sunnah for paying Zakah every year in the same amount, i.e. I take Zakah 2500 from one lakh this year. If I keep the same amount, is it necessary to pay Zakah in the coming years too?Somebody says it is enough to pay Zakah once in life for the said same amount... 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
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