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Answers with Tag: investment

Zakaat on Investments & Taxes

Hanafi Fiqh | Shaykh Ebrahim Desai | Askimam.org

I have 2 seperate queries pertaining to zakaat and I would appreciate it if you could assist me with them. 1) My wife has a few investments to her name that were opened a few years back. However at the time she was unaware that she had to pay zakaat on her investment total each zakaat year. Now that it has come to her attention that she must pay zakaat on the full amount, how would she calculate her outstanding zakaat for all the previous years. She has different investments that were opened in different years. She has a full history of market values of all her investments since they were opened. Must she retrospectively calculate using previous records for each year or must she use the current market value. 2) My wife is not a tax payer – I would like to know if she can make the section 18A tax certificate on my name though her intention is that she is fulfilling her own zakaat. The making of the certificate on my name is purely so that I can obtain a further tax rebate and would it be permissable for me to claim this rebate.

Hanafi Fiqh | Shaykh Ebrahim Desai | Askimam.org

Musharakah Agreement

Hanafi Fiqh | Shaykh Ebrahim Desai | Askimam.org

How do I pay Zakat on my 401(k) plan?

Hanafi Fiqh | Shaykh Ebrahim Desai | Askimam.org

Is it permissible to seek a venture capital?

Hanafi Fiqh | Shaykh Ebrahim Desai | Askimam.org

Clarification on Zakaat question.

Hanafi Fiqh | Shaykh Ebrahim Desai, Shaykh Nabeel Valli | Askimam.org

Mandatory company pension plan.

Hanafi Fiqh | Shaykh Ebrahim Desai | Askimam.org

Zakat on house sold for building new home and business

Hanafi Fiqh | Shaykh Ebrahim Desai | Askimam.org

Is taking a home loan permissible?

Hanafi Fiqh | Shaykh Arshad Ali, Shaykh Ebrahim Desai | Askimam.org

Investing in Gold

Hanafi Fiqh | Shaykh Ebrahim Desai | Askimam.org

ETF Pension Funds

Hanafi Fiqh | Shaykh Ebrahim Desai | Askimam.org

Is it permissible to work as a programmer writing software for banks?

Hanafi Fiqh | Shaykh Arshad Ali, Shaykh Ebrahim Desai | Askimam.org

Zakah management

Hanafi Fiqh | Shaykh Ismail Moosa | Fatwaa.com

Payout of the pension fund

Hanafi Fiqh | Shaykh Ismail Moosa | Fatwaa.com

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