ANSWER: If the cash + silver reaches the value of 595 grams of silver, or the cash alone, you must give zakat on it. Similarly, if the cash + gold reach the value of 85 grams of pure gold, there is zakat on it. 

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ANSWER: No, this is not permissible. You must instruct him to give it away to poor and needy Muslims on the day your zakat is due (a few days of delay is fine, but not more than that) If you want to give it on a monthly basis you can give next year’s zakat in […]

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ANSWER: Of course, it does. Each and every individual is responsible for his / her own zakat! The threshold (nisab) of money is the value of 595 grams of silver. You try and set a date and on that day, you calculate how much you have and give 2.5% in zakat. Every lunar year, you […]

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ANSWER: You are not obliged to give zakat as you don’t have the nisab.  Once you reach the nisab, this is when you start counting for a lunar year to give your zakat after one year.

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ANSWER: The lender must pay the zakat over his money which he had willingly given to someone else.  The borrower must also pay zakat if the money is in his possession and a whole year passed on it.

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ANSWER: You are obliged to pay it yourself on time and are sinful if it gets delayed.

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ANSWER: You must give zakat on whatever cash you have in your possession now and all the gold, even the gold that you wear (if it reaches the nisab of 85 gms or more) and all the investments. The date of zakat doesn’t change just because you turned some of the cash into investments. You […]

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ANSWER: No problem, however it’s best to give it to the poor and needy Muslims where you live.

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