{"id":30261,"date":"2024-04-26T17:29:04","date_gmt":"2024-04-26T17:29:04","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/home\/?p=30261"},"modified":"2024-04-26T17:29:04","modified_gmt":"2024-04-26T17:29:04","slug":"someone-has-stocks-but-no-cash-and-assets-is-zakat-wajib-upon-him","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/someone-has-stocks-but-no-cash-and-assets-is-zakat-wajib-upon-him\/","title":{"rendered":"Someone Has Stocks but No Cash and Assets- Is Zakat Wajib Upon Him"},"content":{"rendered":"

Fatwa ID: 07088<\/strong><\/span><\/p>\n

\u00a0<\/strong><\/span><\/p>\n

Answered by: Maulana Abdoullah Limvoonheek<\/strong><\/span><\/p>\n

 <\/p>\n

Question:<\/u><\/b><\/span><\/p>\n

 <\/p>\n

My son is currently working and is also given some basic grants from the government. At the end of every month, he even breaks using the money he has earned as well the grants that he gets. He currently has some stocks and also has a 401-k plan. He does not have any other cash, savings or assets.<\/span><\/p>\n

 <\/p>\n

Is zakat wajib on him? If yes, how is he supposed to discharge the zakat, if he doesn\u2019t have cash on hand. Can he borrow money from his father and use that to pay his zakat? If you could kindly assist.<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

In the name of Allah, the Most Gracious, the Most Merciful<\/u><\/strong><\/span><\/p>\n

 <\/p>\n

Answer:<\/u><\/strong><\/span><\/p>\n

 <\/p>\n

Zakat become wajib only if a person the nisab amount of zakat. A person will take 2.5% from the net wealth. Zakat is taken from gold, silver, cash and stock of trade.<\/span><\/p>\n

 <\/p>\n

One will have to deduce his basic necessities. If a person has debt, he will first pay his debt. Any amount that is left from there he keep aside, after the passing of an islamic year then he will take zakat from it if it reach nisab amount.<\/span><\/p>\n

 <\/p>\n

As for the question above, you mention that you don\u2019t have cash but you have some stocks. You didn\u2019t specify what stock you have if you trading with it or not.<\/span><\/p>\n

 <\/p>\n

If it\u2019s not for sale then there will be no zakat. If it\u2019s for resale then a person will have to give zakat on it. A person can pay his zakat in kind. You give the item in the ownership of the recipients of zakat.<\/span><\/p>\n

 <\/p>\n

Therefore you don\u2019t have to borrow money to pay your zakat, you can discharge your zakat from the stock you own that you trading. It\u2019s not necessary to pay in cash only.<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

Only Allah (\u0639\u0632 \u0648 \u062c\u0644) knows best.<\/span><\/p>\n

Written by Maulana Abdoullah Limvoonheek<\/span><\/p>\n

Checked and approved by Mufti Mohammed Tosir Miah<\/span><\/p>\n

Darul Ifta Birmingham<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

Reference:<\/span><\/p>\n

\u0641\u064e\u0625\u0650\u0646\u0651\u064e \u0631\u064e\u0633\u064f\u0648\u0644\u064e \u0627\u0644\u0644\u0651\u064e\u0647\u0650 \u0635\u0644\u0649 \u0627\u0644\u0644\u0647 \u0639\u0644\u064a\u0647 \u0648\u0633\u0644\u0645 \u0643\u064e\u0627\u0646\u064e \u064a\u064e\u0623\u0652\u0645\u064f\u0631\u064f\u0646\u064e\u0627 \u0623\u064e\u0646\u0652 \u0646\u064f\u062e\u0652\u0631\u0650\u062c\u064e \u0627\u0644\u0635\u0651\u064e\u062f\u064e\u0642\u064e\u0629\u064e \u0645\u0650\u0646\u064e \u0627\u0644\u0651\u064e\u0630\u0650\u064a \u0646\u064f\u0639\u0650\u062f\u0651\u064f \u0644\u0650\u0644\u0652\u0628\u064e\u064a\u0652\u0639\u0650 \u200f.\u200f<\/span><\/p>\n

Sunan Abi Dawood hadith 1562<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

\u0627\u0644\u0632\u0643\u0627\u0629 \u0648\u0627\u062c\u0628\u0629 \u0641\u064a \u063a\u0631\u0648\u0636 \u0627\u0644\u062a\u062c\u0627\u0631\u0629 \u0643\u0627\u0626\u0646\u0629 \u0645\u0627 \u0643\u0627\u0646\u062a \u0625\u0630\u0627 \u0628\u0644\u063a\u062a \u0642\u064a\u0645\u062a\u0647\u0627 \u0646\u0635\u0627\u0628\u0627 \u0645\u0646 \u0627\u0644\u0648\u0631\u0642 \u0648\u0627\u0644\u062f\u0647\u0628 \u0643\u0630\u0627 \u0641\u064a \u0627\u0644\u0647\u062f\u0627\u064a\u0629\u2026\u2026 \u0648\u0646\u0639\u062a\u0628\u0631 \u0627\u0644\u0642\u064a\u0645\u0629 \u0639\u0646\u062f \u062d\u0648\u0644\u0627\u0646 \u0627\u0644\u062d\u0648\u0644<\/span><\/p>\n

\u0627\u0644\u0641\u062a\u0627\u0648\u0649 \u0627\u0644\u0647\u0646\u062f\u064a\u0629 \u062c\u0661 \u0635\u0661\u0667\u0669<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

(\u0648\u064a\u062c\u0648\u0632 \u062f\u0641\u0639 \u0627\u0644\u0642\u064a\u0645\u0629 \u0641\u064a \u0627\u0644\u0632\u0643\u0627\u0629) \u0648\u0643\u0630\u0627 \u0641\u064a \u0627\u0644\u0639\u0634\u0631 \u0648\u0627\u0644\u062e\u0631\u0627\u062c \u0648\u0627\u0644\u0641\u0637\u0631\u0629 \u0648\u0627\u0644\u0646\u0630\u0631 \u0648\u0627\u0644\u0643\u0641\u0627\u0631\u0629 \u063a\u064a\u0631 \u0627\u0644\u0625\u0639\u062a\u0627\u0642\u060c \u0648\u062a\u0639\u062a\u0628\u0631 \u0627\u0644\u0642\u064a\u0645\u0629 \u064a\u0648\u0645 \u0627\u0644\u0648\u062c\u0648\u0628 \u0639\u0646\u062f \u0627\u0644\u0625\u0645\u0627\u0645\u060c<\/span><\/p>\n

\u0627\u0644\u0644\u0628\u0627\u0628 \u0641\u064a \u0634\u0631\u062d \u0627\u0644\u0643\u062a\u0627\u0628 \u062c\u0662 \u0635\u0663\u0663<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

\u0641\u0644\u0648 \u0623\u062f\u0649 \u0645\u0646 \u062e\u0644\u0627\u0641 \u062c\u0646\u0633\u0647 \u062a\u0639\u062a\u0628\u0631 \u0627\u0644\u0642\u064a\u0645\u0629 \u0628\u0627\u0644\u0625\u062c\u0645\u0627\u0639<\/span><\/p>\n

\u0627\u0644\u0628\u062d\u0631 \u0627\u0644\u0631\u0627\u0626\u0642 \u062c\u0662 \u0635\u0662\u0664\u0664<\/span><\/p>\n

 <\/p>\n

\u0648\u064e\u0623\u064e\u062c\u0652\u0645\u064e\u0639\u064f\u0648\u0627 \u0623\u064e\u0646\u0651\u064e\u0647\u064f \u0644\u064e\u0648\u0652 \u0623\u064e\u062f\u0651\u064e\u0649 \u0645\u0650\u0646\u0652 \u062e\u0650\u0644\u064e\u0627\u0641\u0650 \u062c\u0650\u0646\u0652\u0633\u0650\u0647\u0650 \u0627\u064f\u0639\u0652\u062a\u064f\u0628\u0650\u0631\u064e\u062a\u0652 \u0627\u0644\u0652\u0642\u0650\u064a\u0645\u064e\u0629\u064f<\/span><\/p>\n

\u0631\u062f \u0627\u0644\u0645\u062d\u062a\u0627\u0631 \u062c\u0662 \u0635\u0662\u0669\u0667<\/span><\/p>\n

 <\/p>\n

\u0642\u0648\u0644\u0647 ( \u062a\u0645\u0644\u064a\u0643\u0627 ) \u0641\u0644\u0627 \u064a\u0643\u0641\u064a \u0641\u064a\u0647\u0627 \u0627\u0644\u0625\u0637\u0639\u0627\u0645 \u0625\u0644\u0627 \u0628\u0637\u0631\u064a\u0642 \u0627\u0644\u062a\u0645\u0644\u064a\u0643 \u0648\u0644\u0648 \u0623\u0637\u0639\u0645\u0647 \u0639\u0646\u062f\u0647 \u0646\u0627\u0648\u064a\u0627 \u0627\u0644\u0632\u0643\u0627\u0629 \u0644\u0627 \u062a\u0643\u0641\u064a<\/span><\/p>\n

\u0631\u062f \u0627\u0644\u0645\u062d\u062a\u0627\u0631 \u062c\u0662 \u0635\u0663\u0664\u0664<\/span><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Fatwa ID: 07088 \u00a0 Answered by: Maulana Abdoullah Limvoonheek   Question:   My son is currently working and is also given some basic grants from…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/30261"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=30261"}],"version-history":[{"count":2,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/30261\/revisions"}],"predecessor-version":[{"id":30429,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/30261\/revisions\/30429"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=30261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=30261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=30261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}