Q: Can a student loan balance be deducted when calculating zakaat? A: If the student loan is being paid in monthly instalments then one may only deduct the current instalments from one's assets when calculating zakaat. It won't be correct to deduct the entire loan. This rule applies to any loan that is paid off …
Q: Can a student loan balance be deducted when calculating zakaat? A: If the student loan is being paid in monthly instalments then one may only deduct the current instalments from one's assets when calculating zakaat. It won't be correct to deduct the entire loan. This rule applies to any loan that is paid off …
Q: Can a poor, unfettered wakeel (deputised person) of zakat use the money for himself? A: A wakeel cannot use the zakat on himself unless the person who appointed him to distribute the zakat clearly stated "do with it whatever you wish, or "utilize it as it you wish." This is actually what is meant …
Q: Can a poor, unfettered wakeel (deputised person) of zakat use the money for himself? A: A wakeel cannot use the zakat on himself unless the person who appointed him to distribute the zakat clearly stated "do with it whatever you wish, or "utilize it as it you wish." This is actually what is meant …
Q: How should I calculate Zakaat for cash in a bank? I was told the money has to be in teh bank for 12 months. What if I had R100.000 and I deposit and withdraw from last Ramadaan till now? On which amount do I calculate the Zakaat? A: A rule to remember for zakaat …
Q: How should I calculate Zakaat for cash in a bank? I was told the money has to be in teh bank for 12 months. What if I had R100.000 and I deposit and withdraw from last Ramadaan till now? On which amount do I calculate the Zakaat? A: A rule to remember for zakaat …
Q: Do I have to pay zakaat on my businesses fixtures, fitting and computers? A: There is no zakaat on fixtures, fittings, equipment, machinery, etc. Mufti Siraj Desai
Q: Do I have to pay zakaat on my businesses fixtures, fitting and computers? A: There is no zakaat on fixtures, fittings, equipment, machinery, etc. Mufti Siraj Desai
Q: Is zakaat payable on fixed or immovable property? A: Zakaat is not payable on fixed or immovable property. The income (if any) derived from them is Zakatable if the other conditions of Zakaat becoming compulsory are found. Checked and approved by: Mufti Siraj Desai
Q: Is zakaat payable on fixed or immovable property? A: Zakaat is not payable on fixed or immovable property. The income (if any) derived from them is Zakatable if the other conditions of Zakaat becoming compulsory are found. Checked and approved by: Mufti Siraj Desai
