zakat on the money

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Question I sold my house last year when I moved country with the intention of purchasing a new house. I have been renting since then and have not found a suitable home as yet. I received income for the house in 2 installments, 80% at the end of September (26th) and 20% in mid April. I am assuming that I need to pay zakat on the amount I had received in September? Also, I have a part ownership in a property as an investment, but … [Read more...]

my zakat calculation

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Question   I have a property which has a value of £115,000 and in which I currently reside. The mortgage on it at the moment is £99,000.   In my zakat calculation do I have to add the property value of £115,000 in the assets (I think not but just want to confirm?)   Do I have to add the value of the loan in the Liabilities section £99,000?   Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most … [Read more...]

Are we allowed to pay

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Question   1.  I have been allocating my zakaat to my aunty for many years asI believed she was eligible to receive zakaat, I have lately questioned this and would like to get some guidelines as to who is a receiver of zakaat.    Her situation is that she is a recent widow,with 3 children. 2 who have special needs, and another daughter who is employed but earning approx R1500pm and has her own expenses, none are married. … [Read more...]

what are the criteria

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Question   . Just wanted to know what are the criteria for one to be eligible to receive zakaat??   Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.   Who is entitled to Receive Zakât 1.The person who possesses the nisâb of either gold or silver, or trade goods which equal the nisâb of either gold or silver is … [Read more...]

where to spend zakat money?

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Question   Imam of our masjid told me that I can not send Zakat to home country if there are poor needy people here in USA, specially in our own community. On the other hand my family back in Pakistan is insisting me to send zakat money to poor and needy people of Pakistan, specially in our locality in Pakistan. I am confused now, where to spend zakat money? Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most … [Read more...]

i only pay 2.5%

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Question   . I have a policy for the duration of 10 years, a monthly debit order is put into this policy, only after 10 years i will be able to access this money, my question is concerning zakaat on this amount, will i have to pay yearly on whatever that amount is at the time when zakaat is due or can i pay after the 10 years are up, and if it is permitted to wait after 10 years then should i only pay 2.5% on the full … [Read more...]