Monthly Archives: July 2011

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 …

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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 …

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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 …

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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 …

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