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IslamicPortal.co.uk

This answer was collected from IslamicPortal.co.uk, which is a repository of Islamic Q&A, articles, books, and resources. Various schools write and oversee the answers, including Maulana Yusuf Shabbir, Mufti Shabbir Ahmed, and Mufti Muhammad Tahir. 

Zakat on Machinery

Answered by IslamicPortal.co.uk

I am a clothes manufacturer and understand that I have to give Zakāt on the value of the clothes. However, do I have to give Zakāt on the value of the machines? بسم الله الرحمن الرحیم Answer There is no Zakāt on machinery unless a person trades in the buying and selling of machines. قال… read more »

Zakat on money owed to you

Answered by IslamicPortal.co.uk

If a person owes me £100,000 due to a business transaction, however, he has not paid me yet. Do I have to give Zakat on this amount, and if so, can I delay the Zakat until I receive the money? بسم الله الرحمن الرحیم Answer Zakat is due on the money owed to you because… read more »

Zakat on student loan

Answered by IslamicPortal.co.uk

If a graduate has £10,000 and is also in a student loan debt of £27,000, is he required to pay Zakat on his assets? بسم الله الرحمن الرحیم Answer A person with a student loan should only deduct the amount that is due or the amount he plans to repay within the next twelve months… read more »

Zakat Queries

Answered by IslamicPortal.co.uk

Zakat Queries بسم الله الرحمن الرحیم (1) I was trying to calculate our Zakat obligation, we have land in Dubai, that is partially paid to the master developer, who are the owner, as we do not have physical possession of the land as it is not fully paid by us. We are in the legal process to recover our paid amount, as… read more »

Zakat on inheritance money

Answered by IslamicPortal.co.uk

My father passed away yesterday. Today is the burial and also the date of my Zakat. The inheritance will be calculated and distributed after a few days. As I do not have possession of my share, do I have to backdate the Zakat when I get my share? بسم الله الرحمن الرحیم Answer As you… read more »

Zakat on land for development

Answered by IslamicPortal.co.uk

Is Zakat necessary on a land which I have purchased in the UK with the intention of developing the land via building offices and selling them thereafter? بسم الله الرحمن الرحیم Answer Zakat is necessary on land that is bought with the intention of resale, and this includes intention of sale after development. قال القدوري… read more »

Zakat on loan with no hope of recovery

Answered by IslamicPortal.co.uk

I understand Zakat is necessary on money loaned to others. However, if a person loses hope or has very little hope of recovering the money, is Zakat still due? بسم الله الرحمن الرحیم Answer If a creditor loses hope of recovery or has very little hope, Zakat is not necessary on the loaned amount. If… read more »

Zakat on business stock

Answered by IslamicPortal.co.uk

A shopkeeper is finding difficulty in counting his business stock for Zakat calculations due to the number of items. Can an estimate suffice? Also, on which value will Zakat be calculated, the cost price or the sale price? بسم الله الرحمن الرحیم Answer An estimate is not sufficient. It is necessary to give 1/40th of the… read more »

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