The Majlis Archive

Category

Zakaat

433 answers.

How is Zakaat to be calculated on stock-in-trade?

Zakaat has to be paid on the current value of the stock. That is, the price which the holder of the stock (retailer, wholesaler or manufacturer) will pay. The selling price is an…

Awake! 1432 (2011), p.43

How is Zakaat to be calculated on stock-in-trade?

Zakaat has to be paid on the current value of the stock. That is, the price which the holder of the stock (retailer, wholesaler or manufacturer) will pay. The selling price is an…

Awake! 1436 (2015), p.114

My brother buys and fixes cars as a hobby.

If at the time of buying the car the intention was to sell it, then the car will be stock-in-trade and Zakaat is payable on it. However, if at the time when he buys a car, his…

The Majlis Vol 19 No 05, p.12

Is Zakaat payable on the gold teeth in one's mouth?

Zakaat is payable on all gold items even on gold teeth in the mouth. Calculate Zakaat by obtaining the current gold price. If for example, the price is R100 a gram and the teeth…

The Majlis Vol 19 No 06, p.3