Is Zakaat payable on old coins and currency notes?
Zakaat has to be paid on the value of the old coins and currency notes which can still be used as currency. If these coins and currency notes are no longer regarded as valid…
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Zakaat
433 answers.
Is Zakaat payable on goldplated spoons?
Zakaat is not payable on the gold-plated spoons. However such spoons should not be used.
I have a property which brings in rental income.
You do not pay Zakaat on either the value of the house nor on the rent received. You pay Zakaat after every twelve months on all your cash, gold/silver and stock-in -trade. If at…
How is Zakaat calculated on gold jewellery?
If Zakaat of gold is being paid with anything other than gold, then obviously the current value of the gold will be considered, not the workmanship. Workmanship is not…
A person does not have the Zakaat Nisaab.
It is not permissible to give the person Zakaat for the airfare to travel merely for a wedding. He must remain where he is and make dua for his daughter.It is not permissible to…
Is Zakaat payable on a golden ring studded with diamonds / rubies?
Zakaat is not payable on precious stones. If the gold is 12 ct and above, then Zakaat is payable on its value – the value of the gold. Only if precious stone are stock-in -trade…
Is Zakaat payable on items made of platinum?
Zakaat is not payable on platinum unless it is stock-in-trade.
I have given silver jewellery to my child.
If the silver belongs to the child, Zakaat is not payable on it.
How is Zakaat calculated on one's monthly salary?
Zakaat is paid annually, not monthly. It is not deducted from one's monthly salary. After 12 months Zakaat should be paid on the total cash, gold, silver, savings and…
Do prisoners also have to pay Sadqah Fitr and Zakaat?
If a prisoner possesses the Zakaat Nisaab amount on the day of Eid then he has to pay Sadqah Fitr, and if after 12 months he still has the Nisaab amount or more, then he has to pay…
I have 20 grams of gold, and no other Zakaat item, neither cash nor silver.
Since you have no other Zakaat assets besides the 20 gm gold, Zakaat is not incumbent on you even if the value of 20 gm gold is the equivalent of the silver Nisaab. Only if you…
When calculating Zakaat may I deduct from my total Zakaat taxable wealth the property bond payment which is payable over 15 years?
When calculating Zakaat, only the one month's instalment should be deducted.
A man is struggling to make ends meet. He does not have the Zakaat.
As long as he owns a TV, it is not permissible to give him Zakaat. He must first get rid of the TV, then you may give him Zakaat.