Zakaat

May, 2015

  • 23 May

    Zakaat on debts owed to a person in lieu of merchandise sold

    Q: Is zakaat payable on outstanding debts owed to a person in lieu of merchandise sold? If the debt is paid after few years, will zakaat have to be paid for the previous years? A: Zakaat is waaj​ib upon debts owed in lieu of merchandise sold. If the debt is paid …

  • 23 May

    Zakaat on debts owed to a person in lieu of services carried out

    Q: Is zakaat payable on outstanding debts owed to a person in lieu of servic​es carried out e.g. accountants fees, lawyers fees, etc? A: If the money is in ex​change of some service carried out, then zakaat is not payable until he receives it. And Allah Ta’ala (الله تعالى) knows best. …

July, 2011

  • 20 July

    Zakaat on Medication for Dispensing Purposes

    Q: Is zakaat waajib upon the medication which the doctor administers to his patients or dispenses to them? A: Zakaat is waajib upon the medication which the doctor administers to his patients or dispenses to them. (أو نية التجارة ) في العروض إما صريحا ولا بد من مقارنتها لعقد التجارة …

  • 20 July

    Zakaat on Bad Debts

    Q: What is the shar’ee ruling regarding a debt that is owed to a person who has no hope of receiving the money? A: If the debtor blankly denies owing the creditor and there is no way to retrieve the money, then zakaat will not be waajib upon the debt. …

  • 20 July

    Zakaat on raw materials

    Q: If a person purchases raw material with the intention of manufacturing products to be sold, then will zakaat be waajib on such raw material? A: Since the raw material was purchased with the intention of manufacturing products to be sold, zakaat will be waajib. (أو نية التجارة ) في …

  • 20 July

    Value of Goods on which Zakaat is Calculated

    Q: I own a textile mill. I first import the yarn from which the material is manufactured. I supply certain companies material at the manufacturing cost plus ten percent profit. I also wholesale fabric at the wholesale price which is approximately my cost plus twenty percent. I am also a …

  • 20 July

    Zakaat on Shares

    Q: Is zakaat waajib on shares? If yes, then how will it be calculated? A: Zakaat is Waajib on shares. However, it should be noted that Zakaat is not Waajib on the entire share. Rather Zakaat is only Waajib upon the Zakaatable assets of the company (i.e. the market value …

  • 20 July

    Zakaat on Properties, Flats, etc.

    Q: Is zakaat waajib on properties, flats, etc? A: Zakaat is not waajib on properties, etc. which are not purchased with the intention of resale. One will pay zakaat on the rent received. However, if the properties were purchased with the intention of resale, then zakaat will be waajib on …

  • 20 July

    Offsetting a Debt with the Intention of Zakaat

    Q: Will zakaat be valid by offsetting the debt with the intention of zakaat? A: The zakaat will not be valid by merely offsetting the debt with the intention of Zakaat. However, if a person gives the debtor the money as zakaat and thereafter takes it back as a payment …

  • 20 July

    Zakaat given under the Pretext of a Gift or a Loan

    Q: Will the zakaat be fulfilled if it is given under the pretext of a gift or a loan? A: If the person discharging the zakaat has the intention of zakaat at the time he gifted the wealth or loaned it to the poor person, the zakaat will be discharged. …