Zakat

I wantd To ask abt paying zakat this Ramadan. Say I have Rs 1lac in my account for less than a year.. Do I have to pay zakat for it? And if I already had Rs 1lac in my account last year for which I already paid zakat in the month of Ramadan last year. Now this year one more lac got added to it but this lac was with me for less than a yr. do I have to pay zakat for 2lacs

Zakat

30 Jun

Zakat is due on any savings that finishes one year in your possession. It is best to designate a specific date every Hijra year and in that day, calculate whatever savings you have and give zakat on it regardless when it came into your possession.

When we calculate zakat on our gold do we take the actual current price of gold or do we take the price that we would get if we sold it to back to them

Zakat

28 Jun

The current market price you would get when selling it.

I own a flat where I live with my family. I have an open land where I thought of building house InShaAllah and give it for rent so that I could have another source of income in future.Do I need to give zakath for this value of open land?

Zakat

28 Jun

There is no zakat on this land.

i want to know can we pay Zakat to someone who very poor without inform him like this is zakat. i want to pay zakat one of my relative but if i informed him this is zakat money then they will not ready for this.

Zakat

24 Jun

This is permissible

I paid zakah last year in ramadan i dont remember date. Should I wait until I go homecountry(at end of ramadan) to give it to someone poor or give it to my relative now who can give it to masjid in homecountry or give it here where i live in masjid? I dont know where to find poor muslim here. Also in my homecountry majority are muslim but many of them dont pray.

Zakat

24 Jun

You can wait and give it to the Muslims In your country but try to select the real Muslims.

i am 20 years old who just graduated , and am unemployed. But i have pocket money which has not been for a year , do i have to pay zakath on pocket money ?

Zakat

24 Jun

If it completes a Lunar year and it is more than595 grams of silver, this is zakatable.

I live in Sweden and my sister is also live in Sweden, she borrow a loan from bank equal to SEK 1.5 Million and also borrow a house loan SEK 1.7 Million, she has to pay back in monthly installments. She has 300 gram gold and SEK 0.2 Million for her daughter, Is she eligible for Zakat next year ??? She is paying zakat regularly till 2016 but now has a big amount of loans,

Zakat

24 Jun

If these loans are interest based, this is a major sin. As long as she has the gold and cash at hand, she must give zakat.

If a person has taken credit & not paying as per promise can that money be considered as Zakat money to him & he is relived of his debt?

Zakat

24 Jun

It is not permissible for the person to drop off a debt on a poor man in exchange for not giving his zakat.

The balance of cash in my bank account increases and decreases each month. Eg: June 12000 ;July 10,000 ;August 11200; September 13,000. If I pay zakah on 10,000 which is balance I have held for whole year. In August 2016 will I need to pay zakah on 1200 (11200-10,000). Since I would have held it for one year. Please explain how to calculate easily.

Zakat

23 Jun

You should look at the date on the Hijra calendar where you give your zakat and whatever you have on that day, give zakat on it regardless when it came.

Does one have to pay zakat towards the money kept in a bank in savings account for nearly nine months and later on put in Fixed Deposit a/c for the past three months (purely for security purpose only).

Zakat

12 Jun

Wa alaikumsalam wa rahmatullaahi wa barakatuhu, Any money owned for a year, if it exceeds 595 grams of silver, you must give zakat.

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