ANSWER: Zakat should be given on the selling price which they will give it to you when the shop buys it from you.
Read moreANSWER: If you have 85 grams of gold or above for a lunar year, you must give zakat on that. If you have 595 grams of silver or more for a lunar year,you must give zakat on that. If you have cash money that is equivalent to 595 grams of silver or more, you must […]
Read moreANSWER: It is not permissible to give zakah to pay off interest based loans.
Read moreANSWER: Yes, as this investment is intended to sell and make profit, you must pay the zakat of these past two years by estimating how much the property was worth in the 1st year and then in the 2nd year and then you pay zakat accordingly.
Read moreANSWER: This is not permissible. Zakat must be given in the form of cash to the poor and needy Muslims to do with as they please.
Read moreANSWER: I believe that this is not one of the 8 categories of zakat.
Read moreANSWER: No problem in giving your zakat to her if she’s classified as poor or needy but if she’s not poor or needy then this is not permissible.
Read moreANSWER: Not every one with debt can receive zakat. If I buy a mansion and a fancy sports car in installments, I am not legible for zakat. If your husband is poor or needy, you can give him from your zakat money. Otherwise, this is not permissible.
Read moreANSWER: It is prohibited to take interest based loan from a bank. The gold and silver kept with the bank as mortgage is still zakatable.
Read moreANSWER: No this is not permissible. You cannot change the intention now, intention should have been prior to commitment.
Read more