I am a silent partner in a company.
Zakaat is not paid on share value. Zakaat is paid on actual Zakaat assets which are gold, silver, cash and stock-in-trade. Therefore you have to calculate Zakaat on your Zakaat…
Category
Zakaat
433 answers.
On what market value should retailers and wholesalers calculate Zakaat on stock-in-trade?
The market value is the wholesale price one would pay currently for the goods. Zakaat of stock should be calculated on this basis. This is for retailers. For wholesalers it will be…
Some organizations take a percentage for themselves from the Zakaat and Lillah funds they receive from the public.
Taking a percentage from donations is not permissible. The practice of organizations to take a percentage of the collected funds for so-called administrative work is haraam. They…
Does a woman have to pay Zakaat on the Mehr amount owed to her.
Zakaat is not paid on the outstanding Mehr. Only after it has been paid will Zakat be payable on it. There is no Zakaat for the past years.
I have a rare gold coin.
The market value of the gold is to be taken when calculating one's Zakaat. The value due to rarity is of no consideration.
A relative who was keeping my money in trust paid the Zakaat on the money for a number of years from his own money without me having asked him.
No, your obligation was not fulfilled. You have to pay the Zakaat for the past years.
Does a woman have to pay Zakaat on the Mehr amount owed to her.
Zakaat is not paid on the outstanding Mehr. Only after it has been paid will Zakat be payable on it. There is no Zakaat for the past years.
The Mehr amount is substantial and has not yet been paid.
No, you may not do so. The Mehr debt is not deductible.
Some Zakaat collecting organisations use a percentage of the Zakaat for running costs.
It is haraam for the organizations to usurp even one percent from Zakaat funds for running costs. They have to solicit for Lillaah funds to cover expenses.
The deceased used to collect and distribute Zakaat funds.
If the funds of the deceased are so vilely mixed with Zakaat or haraam funds and the amounts are not known, the heirs will have to consult their conscience and to the best of their…
A man does not have the Nisaab of Zakaat.
It is haraam to give Zakaat to the person who owns a haraam television. Zakaat is the right of the Fuqara.
I gave my friend a sum of money with the intention of Zakaat without mentioning it to him.
Yes, your Zakaat is discharged. It is not necessary to mention that the money given is Zakaat. But there must be the intention of Zakaat at the time of giving it.
I bought a car with the intention of selling it.
Zakaat is not payable on the car since you have changed your intention. Now even if you later decide to sell the car, Zakaat will still not be payable on the car.
I usually pay Zakaat in advance.
Yes, you may deduct the extra from your Zakaat liability of next year.
The person whom I appointed as wakeel to give my Zakaat to the poor, used it for himself.
Regardless of him being entitled to accept Zakaat, your Zakaat is not discharged. You have to pay again. You may demand payment from him.
A needy friend asked me for a loan.
Your Zakaat was discharged. While it is best to give the money as Sadqah to the poor, it is permissible for you to keep it. It has the status of a gift.
If a haraam amount of money was mixed with halaal money, how should Zakaat be calculated?
It is Waajib to give the haraam amount as Sadqah without niyyat of thawaab. If this was not done by the time the Zakaat year ends, then Zakaat has to be paid on the total amount.…
The gold in my possession is less than the gold nisaab.
Zakaat is Waajib on the whole amount.
The Mehr of my wife was 2 Krugerrands.
Deduct the value of 2 Krugerrands and pay Zakaat on the balance.
I deal with cattle and sheep.
Zakaat is paid on animals which graze on natural pastures for more than six months. Also if the animals are kept for breeding and milking, then Zakaat is payable. There is no…