Ihyaaud Deen An Effort to Revive Deen in Totality
Q: Is zakaat fardh upon the medication which the doctor administers to his patients or dispenses to them? A: Zakaat is fardh 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 كما …
July, 2011
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20 July
Zakaat on Properties, Flats, etc.
Q: Is zakaat fardh on properties, flats, etc? A: Zakaat is not fardh 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 fardh on …
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20 July
Zakaat on a house or car purchased for resale but in the person’s use
Q: A person purchased a car or house with the intention of resale. Since he does not have any other mode of transport or residence, he is using the purchased car or house till he finds a buyer. Will zakaat be fardh upon the house and car? A: In principle …
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20 July
Zakaat on a person who cancels his intention of resale
Q: A person purchased an item for resale purposes but thereafter cancelled his intention. After some time, he decided to once again sell the item. Will zakaat be fardh on the item? A: Zakaat will not be fardh upon the item. However, zakaat will be fardh upon the money received after …
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2 July
The different types of zakaatable wealth
Q: Upon which wealth does a person have to pay zakaat? A: Zakaat will be paid on the following: 1. Cash (including the balance of your bank deposits). 2. The market value of the merchandise contained in the share of the company i.e. one will be obligated to discharge the …