I have deposited an amount of money (the purchase price of a property) in the trust account of the lawyer.
The purchaser has to pay Zakaat on the amount as long as it has not been paid to the seller.
Category
Zakaat
433 answers.
I'm making ice cream to sell.
The ingredients are also stock in trade. Zakaat has to be calculated on the ingredients as well.
Is it permissible to give Zakaat for bursaries pertaining to secular education?
It is not permissible to use Zakaat for secular education. Zakaat is the Haqq of Fuqara and Masaakeen. It may not be squandered in the haraam avenue of secular education.
My husband has not yet paid my Mehr.
Zakaat will be payable on the Mehr only when it is given to you. Zakaat on the Mehr will not be paid for the years that you had no possession thereof.
I have purchased a property.
Yes, Zakaat has to be paid on the amount kept in trust by the lawyer. As long as transfer has not been effected, the money remains your property.
My husband has not yet paid my Mehr.
Zakaat will be payable on the Mehr only when it is given to you. Zakaat on the Mehr will not be paid for the years that you had no possession thereof.
Should Zakaat be paid on earnings/wages which have been spent during the course of the year?
Zakaat is paid once a year on the cash, gold and stock-in-trade in one's possession. Zakaat is not paid on earnings which have been used up during the course of twelve months.…
How should Zakaat be paid on old coins which are out of circulation?
If the old coins are silver or gold, Zakaat will be paid on the current value of the weight of the gold/silver. There is no Zakaat on the old copper/ bronze coins which are no…
I have received salary in advance.
If the advance salary is still in your possession at the end of your Zakaat year, then Zakaat is payable on it. If it was used up, then Zakaat is not payable.
Is Zakaat payable on monthly expenses?
Monthly expenses (rent, water, electricity, food and the like) still to be paid, which are not yet due, may not be deducted from the Zakaat assets. However, if the payments are…
Is Zakaat payable on loyalty points?
There is no Zakaat on 'loyalty points'.
A person is a faasiq.
It is not permissible to give Zakaat or Lillah or even interest to the type of flagrant sinner you have described.
A person has only a Kruger Rand and no other wealth, is zakaat waajib?
Zakaat is not wajib as the weight of a Kruger Rand is less than the nisaab of gold.
A person has a Kruger rand and 18ct gold jewelry, is zakaat waajib?
A fine ounce Kruger Rand weighs 33.93 grams and the nisab of gold is 87.47 grams. If the combined weight of the coin and the gold jewellery equals Nisaab, Zakaat will be Waajib…
How much is the gold nisaab in terms of rands?
The gold nisaab is R116,000
If a person has silver jewellery and gold jewellery, neither independently reaches the nisab of gold nor silver, is zakaat payable on this jewellery?
Zakaat is payable if the rand value of both the gold and silver is equal to the nisaab amount of either gold or silver.
A person rents out flats, is zakaat payable on the flats.
There is no zakaat payable on the value of the flats, unless it was intended for resale. Zakaat is not applicable on property for rental, however zakaat will be payable on the…
The estate of a deceased was finalized only after several years.
There is no Zakaat payable on the wealth the deceased leaves. The inheritors will pay Zakaat on their shares only after they gain possession of the money. As long as the funds are…
The Musjid trustees took from the Lillah funds a sum to buy grocery parcels for the poor.
Zakaat will not be discharged. No Zakaat payer had instructed them to give Zakaat on his behalf.
I invested R100,000 in a business which is in operation.
The R100,000 you had invested was in lieu of stock, equipment, etc. in the business. You became 40% owner of the assets of the business, and this entitles you to 40% of the profit.…