gold Archives - Page 128 of 128 - IslamQA

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

I have to pay a bank loan of Rs. 1.700 million for which I have mortgaged my house…Now I have no other way to get rid of this loan until unless I get the mortaged amount from any Halal source or pay installments every month. Please guide that should I mortgage my…

Answered by Askimam.org

My First question is about Zakat.  I have to pay a bank loan of Rs. 1.700 million for which I have mortgaged my house.  I have Rs. 50,000 in the shape of cash as well as almost 40 Tola of Gold.  Someone has told me that I am not eligible to pay Zakat as my… read more »

I heard that only Hanafi Fiqh…Zakath on gold Jewellery for the purpose of wearing of women is to be given and the other three fiqh, no need for zakath on gold jewellery…

Answered by Askimam.org

I heard that only Hanafi Fiqh…Zakath on  gold Jewellery for the purpose of wearing of women is to be given and the other three fiqh, no need for zakath on gold jewellery, and in Shafi fiqh…we can go even for maximum 200 Miskal quantity without giving zakath, over and aboe this would be payable as… read more »

We are not manufacturers/resellers we just source it for them with our margins…we cannot keep all stock with us..is this method of trading halal ?

Answered by Askimam.org

We are a sourcing company, we get inquiry for a certain product from our customers; We source the product from factories and distributors in china; We quote our customer with our margins; Customer if approve send us payment sometime partial and sometimes full in advance as our agreed terms We then place order to our… read more »

My question is related to Zaakat

Answered by Askimam.org

My question is related to Zaakat 1. I am taking out Zakat every starting Ramadan of whatever money (cash) I have avaliable with me.Also I am includng the zakaat applicable on jewellary with my mother & sister on their behalf. What I am doing is correct? 2. I am planning to buy a car for… read more »

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