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    Answers with Tag: Zakaat

    I would like to know whether you can pay next years zakat this year, with regards to the collection for the earthquake victims in India at our local mosque.

    A book refers a Maseehah Hadith-interest can be used to build Orphange’s and the like. Please clarify this.

    I have read in a book that if there is an outstanding debt of R120,000 on a house worth R120,000 the entire amount is exempt from Zakaat. Is that correct?

    I have discharged my Zakaat to a reputable organisation, but I have discovered that they bank the Zakaat money and distribute it during thecoming year as the need arises.

    Upon whom is Qurbani (sacrificing an animal) compulsory?

    Is it permissable to use money one has recieved in a haram mannner such as interest, donate it to the poor without having any intention to get an reward

    Is investing in 401(K) even halaal?

    Is it Ok to give Zakat to charitable institutions, hospitals etc. when we know that they might use the money on non-Muslims as well?

    Zakaat on Shares.

    Is it necessary for a Zakat giver to let the Zakat recipient know he/she is being paid Zakat?

    Can interest earned on the bank account be used to offset bank charges (mainly govt taxes) for that same account or other accounts.

    In the US there is a retirement program called 401(k) plan. How do we pay Zakat on the 401(k) plan since it is not in out posession till the age of 59 1/2.

    Does one have to be in possession of wealth for twelve months for that wealth to be liable for zakaat?

    Could you please elaborate on what is the Nisaab for Zakaat where a person has Cash.

    Please advise how I can calculate 2.5% on gold jewellery as some were gifts and the rest I purchased.