My children have gold jewellery. Must Zakaat be paid on their jewellery?
If the gold belongs to the children, there is no Zakaat payable on it.
Category
Zakaat
433 answers.
Is it permissible to give one's Zakaat to one's needy brothers and sisters?
It is permissible to give Zakaat to one's brothers and sisters if they qualify to accept Zakaat.
I have given loans to people. Is Zakaat payable on the loans?
Zakaat has to be paid on money loaned to others. However, the Zakaat is not due as long as the loan is outstanding. But when they repay the loan, then you will have to pay for the…
Is Zakaat payable on a pension fund?
Zakaat will be due on the pension fund money only when it comes into the physical possession of the beneficiary, not before.
Is Zakaat payable on savings in a medical scheme?
In a medical scheme a certain portion of the member's contribution is set aside in a savings account. This saving belongs to the member. It is with his agreement that he is unable…
I have saved up the dividends which my investment in an Islamic bank yielded.
What is the basis for your doubt? Zakaat is payable on cash, gold, silver and stock-in-trade. So what has prompted you to ask this question? Perhaps you do not know the answer. The…
I have 77 gm gold, 110 gm silver and $300 in cash.
The Zakaat Nisaab of gold is 87.48 grams. The Zakaat Nisaab of silver is 612 grams. If the combined value of the gold, silver and cash equals Nisaab or more, then Zakaat is…
Is it permissible to pay one's Zakaat by giving the needy vouchers which they could redeem for foodstuff at designated shops?
It is permissible to distribute Zakaat in the form of food. You may give the poor vouchers which they can redeem with food.
I set aside a sum of money as my Zakaat payment.
Setting aside the money does not eliminate your ownership. You still remain the owner. It is therefore permissible for you to use it.
A man has saved money for Hajj. Does he have to pay Zakaat on this amount?
Yes, he has to pay Zakaat on this amount.
The Qur'aan mentions 'Al-Aamileen' (Zakaat collectors) as one of the eight categories to whom Zakaat can be given.
We are Muqallideen of Imaam Abu Hanifah (rahmatullah alayh). We are not Mujtahids. We don't deduct masaa -il of the Shariah from the Qur'aan and Hadith. That era of formulation of…
I have forwarded a large sum of money for some goods which have as yet not been despatched.
As long as the money is not in your possession, you don't have to pay Zakaat on it. However, once you receive the money, then you will have to pay Zakaat for the past years as…
My brother and sister are destitute and qualify to receive Zakaat, Is it permissible for me to give my own Zakaat to them?
It is permissible to give Zakaat to one's brother or sister who qualifies to receive Zakaat. A person may give his/her Zakaat to all relatives who qualify except to parents /…
Is Zakaat payable on the premiums which an insurance policy holder or a member of a medical scheme pays?
Trade Insurance As far as trade insurance and the like, excluding medical insurance, is concerned, Zakaat is payable on the sum of the premiums paid to the insurance company.…
How does one calculate Zakaat on salaries and investments?
Many people are confused on this issue. We shall, Insha'Allah, explain in simple terms how Zakaat is to be calculated. Zakaat becomes obligatory when you have a minimum amount…
I bought R1000 stamps before the price increase.
The stamps are not Zakaatable. You don't have to pay Zakaat on the stamps which you have bought for future use.
I have 50 grams gold jewellery, and no other Zakaatable assets, no silver, no cash and no merchandise.
The Nisaab of gold is 87.48 grams. In other words if the only Zakaat taxable assets are gold, there being no other Zakaat assets, and if the gold is less than the gold Nisaab, then…
I have 20 grams gold and $100 in cash. Do I have to pay Zakaat?
Yes you have to pay Zakaat on the combined sum of the two items. You have 20 grams of gold and $100 in cash. The value of 20 grams of gold is about $700. Add the $100 cash to the…
My brothers and sisters are in need. They are poor and qualify to accept Zakaat.
It is permissible to give your Zakaat to your brothers and sisters who are in need and who do not own the Nisaab amount. It is not permissible to give one's Zakaat to one's own…
A Maulana says that if the gold and silver jewellery owned by a woman is in normal use then Zakaat is Waajib and if not in use, then Zakaat is not Waa
It is incorrect. Zakaat is Waajib on gold and silver regardless of it being in use or not. The Maulana Sahib has incorrectly stated the Shaafi' ruling. According to the Shaafi'…