Q: I sold my house to family member for £50,000, half in cash and half to pay in instalments over 5 years so I am owed the outstanding amount of £25,000. Do I have to pay zakat on the amount that is owed to me as I haven't received the remaining 25,000 cash yet? They …
Q: I sold my house to family member for £50,000, half in cash and half to pay in instalments over 5 years so I am owed the outstanding amount of £25,000. Do I have to pay zakat on the amount that is owed to me as I haven't received the remaining 25,000 cash yet? They …
Q: Who is eligible for Zakat within family members? Grandpatents, uncles and aunts, cousins, etc.? A: You may give zakat to your uncles, aunts, cousins, brothers and sisters. You cannot give zakat to your parents, grandparents, children, grandchildren. Likewise the husband cannot give zakaat to the wife nor can she give to the husband. Moulana …
Q: Who is eligible for Zakat within family members? Grandpatents, uncles and aunts, cousins, etc.? A: You may give zakat to your uncles, aunts, cousins, brothers and sisters. You cannot give zakat to your parents, grandparents, children, grandchildren. Likewise the husband cannot give zakaat to the wife nor can she give to the husband. Moulana …
Q: How does one calculate the zaakat on a Kruger Rand? A: You need to ascertain the current value of the Kruger Rand and then calculate 2.5 percent of the value. That will be your zakaat. The value can be checked in local newspapers or from your local Ulema bodies. If you are unable to …
Q: How does one calculate the zaakat on a Kruger Rand? A: You need to ascertain the current value of the Kruger Rand and then calculate 2.5 percent of the value. That will be your zakaat. The value can be checked in local newspapers or from your local Ulema bodies. If you are unable to …
Q: I read an article from Sanzaf that zakaat is payable on the lesser of the premiums versus the market value of the policy. Is this correct? My concern is that in the past I did not calculate my zakaat on in this manner; am I exempt from the past error because I was not …
Q: I read an article from Sanzaf that zakaat is payable on the lesser of the premiums versus the market value of the policy. Is this correct? My concern is that in the past I did not calculate my zakaat on in this manner; am I exempt from the past error because I was not …
Q: What are all the liabilities and debts that I must include when calculating zakaat? A: 1. Any debt that can be demanded immediately by the creditor, is deductible from one's assets when calculating zakaat. Hence, if one is paying off a loan or a debt by instalments, the one can only deduct the current …
Q: What are all the liabilities and debts that I must include when calculating zakaat? A: 1. Any debt that can be demanded immediately by the creditor, is deductible from one's assets when calculating zakaat. Hence, if one is paying off a loan or a debt by instalments, the one can only deduct the current …
