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 fardh upon debts owed in lieu of merchandise sold. If the debt is …

  • 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 services carried out e.g. accountant’s fees, lawyer’s fees, etc? Will one include these outstanding debts when calculating one’s zakaat on one’s zakaat date? If the wealth is paid after a few years, will zakaat have to …

July, 2011

  • 20 July

    Zakaat on Bad Debts

    Q: What is the shar’iee 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 fardh upon the debt. …

  • 20 July

    Zakaat on raw material

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

  • 20 July

    Zakaat on Medication for Dispensing Purposes

    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 …

  • 20 July

    Offsetting a debt with the intention of zakaat

    Q: Will zakaat be discharged by offsetting a debt with the intention of zakaat? A: The zakaat will not be discharged by merely offsetting a debt with the intention of zakaat. However, if one wishes to discharge his zakaat through the debt owed to him, then he should give the …

  • 20 July

    Value of zakaatable goods

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

  • 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 …

  • 20 July

    Those people not eligible to receive zakaat

    Q: Which people are not eligible to receive zakaat? A: The following people are not eligible to receive zakaat: A non-Muslim A Sayyid (descendent of Nabi Alaihis salaam’s family i.e. the Banu Haashim) even if he is poor. (The Banu Haashim include the descendents of either ‘Abbaas, Ali, Jafar, Aqeel …

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