Is Zakaat payable on diamonds and pearls?
Zakaat will be payable on precious stones only if the stones are acquired for resale. If the precious stones are for one's own use and not for selling purposes, then Zakaat is not…
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Zakaat
433 answers.
I set aside an amount of money with the intention of it being my Zakaat payment.
The money which you had set aside belongs to you. It is not incumbent to give it to charity. Regardless from which money you paid your Zakaat, you may now use the money which had…
The Ulama in our country are forming an organization to pool the Zakaat of the community.
Whilst pooling Zakaat into a reliable organization is permissible, it is preferable and best for a person to distribute his own Zakaat personally. In the process of distribution,…
I collect jewellery but I seldom wear it.
It is not a sin to collect jewellery and not to wear it. However, if it is gold or silver, then every year Zakaat has to be paid on it.
Does the father have to pay Zakaat on money owned by his minor children?
Zakaat is not payable on the wealth of minors.
Does the father have to pay Sadqah Fitr for his minor children?
Yes, the father has to pay Sadaqatul Fitr for his minor children.
Now that Ramadhaan is here, there will be many organizations soliciting for Zakaat funds.
You have to investigate the organizations collecting Zakaat. We have found most of these Zakaat-collecting bodies to be khaa-in (abusers of amaanat). One prominent Ulama…
A proud man to show off his wealth burnt a 500 pound note.
Although this man is the brother of shaitaan according to the Qur'aan, Zakaat is not payable on destroyed wealth.
I have a Mandela set for which I had paid R75,000.
If the set contains only half an ounce of gold, then you pay Zakaat on the current market value of the gold regardless of what price you had paid for the set or what price you can…
When calculating Zakaat on stock-in-trade, what value should be taken: the wholesale price or the selling price?
Zakaat on stock is payable on the current wholesale price of the stock, not on the selling price. The selling price is a fiction. It exists only in the mind. It is not tangible…
I pay Zakaat every Ramadhaan. A few days ago, I received a substantial sum of money.
Even if money is received one day before expiry of the Zakaat year, Zakaat has to be paid on it as long as the money has not been spent. So whatever cash you have, Zakaat has to be…
A person has only two ounces of gold, and no other Zakaat assets.
Two ounces of gold is less than Nisaab. Since she has no other Zakaat assets, Zakaat is not compulsory on her 2 ounces of gold.
How should Zakaat be calculated on amounts received during the course of the Zakaat year if 12 months have not lapsed on each amount?
months have to pass from the day you became the owner of Nisaab. After becoming the owner of Nisaab, you have to pay on all your cash, gold and silver at the end of 12 months, even…
What is the Zakaat Nisaab for gold and silver?
Gold Nisaab is 2.8 ounces, and silver Nisaab is 19.68 ounces. If your gold is less than the gold Nisaab, and your silver is less than the silver Nisaab, but the value of the two is…
Can I accept Zakaat to pay the debts of my deceased husband?
A dead man's debt cannot be paid with Zakaat. The Zakaat will not be discharged. Only if you qualify to accept Zakaat, may you accept Zakaat. You in turn can pay your husband's…
A man is in debt. Can I give him Zakaat?
He should first get rid of the redundant haraam video camera.
Is it permissible for a man to give his Zakaat to his father-in-law who is struggling to make ends meet?
You may give Zakaat to your father-in-law.
A woman made a gift of a gold set to her daughter with the condition that it should be given to her the day she gets married.
The gift is not valid since it is suspended on a future date, and the daughter has not been given possession thereof. Hence, the gold set still belongs to the one who has to pay…
Do I have to pay Zakaat on money which I have given as a loan?
Zakaat has to be paid on money loaned out when the money is repaid. If repayment is received after two years, for example, then Zakaat has to be paid for two years. As long as…
Is it permissible for me to ask someone to pay my Zakaat and Fitrah, and I would reimburse him later?
It is permissible for you to ask someone to pay your Zakaat and Fitrah. You can arrange to pay him later.