83 fatwas

  • Zakat on installment payments Date: 5-12-2004

    I constructed a commercial Building in 1995. In 1997 and after 2 years I managed to sell it to a company receiving my money over 5-years installments (20%) each year ending in 2001. Now, how do I calculate the Zakaat? .. More

  • Zakat on non-agricultural land and property Date: 25-11-2004

    I have multiples of non-agriculture lands and property. How the Zakaat applies on land and property? I know about gold and cash point of view... More

  • Calculating Zakat on investment Date: 1-11-2004

    I've a question for u and I hope that you would oblige me with the answer. I've invested some half a million Rs. in partnership in business, but somehow I vent got any profits yet and moreover I've no control over my money as its with my partners and they are saying that they will clear off my investment within a few months, so I've neither.. More

  • Zakah on rented property Date: 22-6-2004

    My brother's employer in Jeddah would like to know that whether or not he should take in to consideration the office buildings and showrooms owns by him for his business purposes while calculating thezakah? If yes, which amount he should take into consideration (purchase price or market value)... More

  • Zakah on tradable shares Date: 24-4-2004

    I understand that to pay Zakah on tradable shares we calculate market value of share and apply 2.5%. A friend has the opinion that if you are not buying those shares for daily trade, meaning to buy and sell immediately to make money, then you can pay Zakah of this money after you sell them. Please advise in line with Qur’an and Shariah... More

  • Zakah on business and other items Date: 13-3-2004

    Do we have to give Zakah to the amount which we give as Sadaqa? In business we have to give Zakah to capital plus profit. What if business is a loss? Do we then have to give Zakah on the capital? If we have 2 cars, and the second car was bought for selling, do we have to give Zakah after receiving the money from selling the car immediately or.. More

  • Zakah due on buildings Date: 13-3-2004

    A person has a building as property which he gave for rent.Does he have to pay Zakah for the building and as well as on the rent? If the building is his own house but he now lives in a foreign countrydoes he have to pay Zakah on the building? Please clarify... More

  • Zakah on an apartment and has debts Date: 25-2-2004

    I bought an apartment in my home country for about $58000, but $18000 of that was paid by my father. I am renting this apartment to a person who pays the monthly rent directly to my father until my father gets back his money. After that I will be free to do whatever I want with my apartment, whether to rent it or live in it or leave it empty. Right.. More

  • Zakah on property Date: 24-2-2004

    My question is about Zakah. Suppose I have some fixed assets that are giving some profit for me. Say I have a property worth of two million rupees and I get profit from that assets. Now my question is whether I have to pay the Zakah of those assets every year or only once in the lifetime. Also if the assets are dead i.e. I do not get any benefit.. More

  • Zakah is due on all the money invested Date: 23-10-2003

    I live and work away from my home country. I am trying to save money to go back with my family to my country. I am paying Zakah now since I am working. When I go back to my country, I do not expect to make enough money to make a good living. Say, I saved $100,000 and I would like to invest it and live from its proceeds. Am I obligated to pay Zakah.. More

  • Zakah in invested funds Date: 29-3-2003

    My friend asked me to invest about 70,000 in the year 1997. There was no profit. In 1998 with some discussion he said that he can repay it and documents were prepared. I am not asking any interest, as it is the law for Islam. I found that he is not making any effort to pay till now 2003. Recently during a discussion he said that he wants to perform.. More

  • Zakah on a commercial building or its rent Date: 8-2-2003

    I have one commercial building (other than one building in which I am staying) in India. I am getting rent every month from tenent, but I am not able save that money (just receiveing and expending it). Do I have to give zakah on that building or on that money? What is the ruling regarding this in accorance with Qur'an and authentic Sunnah... More

  • Own some property that is managed and its income used by others Date: 2-2-2003

    I have some agricultural property which is not being used by me, but it is being looked after by my parents. They are using the income and also distributing among other family members. I am not using any of the income from that. Am I responsible for the zakat for that property... More

  • Zakah on rental property Date: 2-2-2003

    My question is in relation to Zakaat. I have a fully paid of investment property on which I had collected rent, but now the unit has been sold so. On what should I give Zakaat? Secondly, I have another investment house that is still under the bank. Should I give Zakaat on that? .. More

  • Zakah on shares Date: 16-11-2002

    Dear Scholars. I have submitted a question before regarding the Zakah on shares and understand that if the shares owned are intended for their revenues then Zakah is payable on the revenues but if the shares are intended for trade, Zakah is payable on the capital and it's revenues.The shares that I own are intended for their revenues so I only pay.. More