ANSWER: There is Zakat on it if it finishes one lunar year from the day displayed till the day the new House was bought. For example, if you displayed it for sale on 1st of Muharram and it was sold in Ramadan and you kept the money till the following Muharram, you must give zakat. But if you bought the new house before it finished a lunar year, […]
Read moreANSWER: There is no need.
Read moreANSWER: You must give zakat on the gold which is above 85 grams of gold. You give 2.5% on any cash you have had in your possession for over one lunar year whether it is yours or it is a loan!
Read moreANSWER: Yes. https://youtu.be/iGjpG08SLWI
Read moreANSWER: If you are a woman, you must give zakat on the gold you have even if you have to sell some of it.
Read moreANSWER: Yes if it reaches the nisab. https://youtu.be/iGjpG08SLWI
Read moreANSWER: Because Allah mandated that zakat is due only on gold, silver and cash. If you are trading in them, there is zakat.
Read moreANSWER: Zakat must be given in cash to poor and needy Muslims and they do with it what pleases them.
Read moreANSWER: You have to pay Zakat for the whole amount and this is every year.
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