Asalam u alaikum, My mother passed away 13 yrs ago,, we are 3 brothers and 3 sisters. we just found that she had some gold that is in possession on one of my sister. My sister claims that my mother has told her to keep it for one of my brother who never married. But...
Zakaat
Zakaat on Money
Hi, I wanted some understanding on giving zakaat based on the money you have. So below is an example of a scenario and i would like to know rough approoximate of how much zakaat we should give. 1st Scenario 10k in bank + 15k in stocks and 15k in car loan (Montly...
Zakat on 401k Plans
Assalam O Allikum, I hope this letter finds you in the best of health and iman. My question is on the zakat for 401k plan. Assuming I have $100000 in my 401k plan and I am 50 years old. So, this amount is over nisab but i have resticted access...
Zakat or RESP Account
Assalam u Alaikum, I started an RESP accont for my daugter in Dec 2006. This account is dedicated to my daughter and she is the one who can collect this money when she will start gong to University. Money reached to Nisab (On Silver) in almost 7 months after the start...
Do I pay zakat on money saved for children’s education?
asslmau alikum If we have money saved for only kids education, do we still have to give Zakat on that money too. Or no. بسم اللہ الرحمن الرحیم الجواب وباللہ التوفیق a. Zakat is obligatory on the saved amount if it is equal to the “Nisab” of Zakat. b....
Zakat question: My father gave me two land pieces, one he gifted me but both are under my name.
Asalamalakum. I have another question regarding the Zaqat. My father gave me two land pieces, one he gifted me but both are under my name. Few days back I talked to him regarding the Zaqat and told him that if you think about land that was not gifted, as an investment...
Zakat Question
Assalam Alaekum. I gave my zakat money to a family relative. I recently found out she is a Shia. Is my zakat valid, or do I have to give zakat again? بسم اللہ الرحمن الرحیم الجواب وباللہ التوفیق Whoever has beliefs of infidelity, namely; believes in...
Zakat Questions
Assalaam Alaikum WRWB, I have some queries related to Zakat. I have funds put aside for kids' college tuition in a 529 Plan, they are on 4 kids each of the following ages: 20 Years17 Years14 Years9 YearsWill I have to include those funds in my Zakat Calculator? My...
Question about Zakat
Assalam o Alaikum, I hope you are well and staying safe. My name is Dr. Ghulam Muhammad Memon. I give a part of my salary to my father every month. My father dutifully pays zakat on that money every year during the month of ramadan. Due to some financial difficulty I...
Can I pay zakat to my son to pay off his loan?
My son is in student loan debt of $480,000 with interest mounting every day. Can I pay my zakat to help him pay off his loan interest as I have no other money other than zakat money to pay her interest/ debt loan بسم اللہ الرحمن الرحیم الجواب واللہ المعین It is not...