Zakat on deposits

Zakat on deposits In the name of Allah, the most Beneficent, the most Merciful. Answer If the deposit is part of the total cost paid towards the purchase of an item or towards the rent of a property, then the depositor i...

Zakat on gold business

Zakat on gold business. In the name of Allah, the most Beneficent, the most Merciful. Answer To give zakat on goods in trade is wajib. However, there are certain specific rules and regulations concerning stock & merc...

Zakat on goods and merchandise

Zakat on goods and merchandise In the name of Allah, the most Beneficent, the most Merciful. Answer To give zakat on goods in trade is wajib. However, there are certain specific rules and regulations concerning stock &am...

Zakat on short and long term loans

I have mortgage for the home I am living with family, and also for the car I am driving for personal need. I have Nisab amount of gold. Should I take my mortgage instalment payment into account for Zakat calculation? Ple...

Zakat to a person in debt

Zakat to a person in debt In the name of Allah, the most Beneficent, the most Merciful. Answer Allah (SWA) in the Holy Qur’an has said; “The sadaqat are only for the poor, the needy, those employed to collect these, thos...

Zakat to hospitals

Zakat to hospitals In the name of Allah, Most Gracious, Most Merciful Answer Allah states in the Quran, “The alms are only for the poor and the needy, and those who collect them, and those whose hearts are to be reconcil...

Zakat on investments and giving it in advance

I have invested in a business as a partner in a company. I put money into the company few months ago, I am going to be taking out zakaat in the month of Ramadan, however I will not find out if we have made profit or loss...