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    Answers with Tag: Zakaat

    I have a piece of land which is not under my use currently so Is Zakat compulsory on this land?

    Is Zakat to be paid for the same money stored yearly or is to be paid once only?

    If I had $1000 in stocks last lunar year and $2000 in stocks this year, is Zakat payable on $2000 or $1000.

    I have gold and silver jewellery to the value of R12,000 and a liability of R28,000. Do I have to pay Zakaat on the gold and silver jewellery?

    A friend recently converted and I am teaching him Hanafi Fiqh. He has been Muslim for 3 months, when does he first have to pay zakat, now or after being Muslim 1 year?

    Which Nisaab of Zakaat to use?

    How much Zakat should I pay on cash before I was a Muslim? If cash is intended for future use, do I still have to pay Zakat on that cash?

    If you have parents in old age that do not have an income as children are you liable and allowed to pay zakaat on their jewellery and fidya for their rozas

    Do I have to pay Zakaat on the gold and silver jewellery?

    If one owns 40% of shares in a company, then how is Zakaat calculated on his share?

    For one who doesn’t have a full time job, works on and off and has debts but got quite valuable wedding jewelery, is zakaat obligatory?

    When calculating Zakaat what value of company shares should be used? i.e. current value or purchase price as values do change drastically

    How is Zakat calculated?

    Zakaat on clothes?

    I bought a home where the bank owns the home. Monthly I pay rent and a portion to purchase the home. Can I claim the amount I still ‘owe’ as a liability against my assets when calculating zakat?