82 fatwas

  • Interested in Investing in Doubtful Stock Market Date: 30-10-2019

    Asslamaulikum, I am intrested in investing in indian stock market “nifty 50 sharaih@“In this stock market compines are screened based on shariah principle.I want to ask weather there is a concept in islam maxium tolerance limit for intrest in islam and concept called income purification ration which means in order to full complied with shariah.. More

  • Closed house not intended for trade is not liable for zakaah Date: 10-7-2017

    We have a house which is closed; we are not using it. We have been wanting to sell it for two years, but it has not been sold yet, so do we have to pay zakah for 1 year or for 2 years? .. More

  • Zakaah on land kept for future sale Date: 23-6-2017

    I am currently working abroad. Whatever money I save, I purchase property with it. Thus, I have accumulated about 10 residential plots. My intention is that this is an investment for the long term so that when I go back, I can make a home and office for myself and keep the remaining plots for future sales in case the need for money arises anytime in.. More

  • Zakah of partnership capital Date: 28-11-2016

    Assalaamu Alaykum. I have a question and will be grateful if you could reply at your earliest convenience. I have formed a partnership in which others have invested cash money. My investment is the value of a piece of land at the time of investment, after a particular period, I reasses the value of the land and distribute appreciation (current land.. More

  • Buying land without having the intention for trade and then inclining to offer it for sale Date: 6-10-2016

    Assalaamu alaikum. My brother bought one plot of land 12 years ago with the intention of building one house for his personal use. Recently, however, he bought second plot and change his plan to built house in second plot and plan to sell first plot in order to use that money to construct the house in second plot . so is zakath payable for first plot.. More

  • How zakah is paid for dropshipping business Date: 3-4-2016

    Assalaamu alaykum. I am doing a dropshipping business for a year. About a year ago, my capital for doing such business was about $200. Overtime, my capital increased, and I used it to purchase some goods that were then delivered to the consumer and constitute a circulation cycle that continued until, finally, after a year, praise be to Allaah, I successfully.. More

  • No Zakah is due on goods except what is prepared for trade Date: 16-8-2015

    I bought a piece of land three years ago and did not have the intention to sell it, but later on I sold it. What is due on me now that I have received its price? .. More

  • The Zakah of shares depends upon your intention in sharing Date: 16-8-2015

    I bought shares in a hospital three years ago, and until now the share price has not changed. Is Zakaah due on this investment? In case it is, how much and when should I give it, knowing that I bought these shares with the intention to trade and make profits? .. More

  • Zakah of shares is based on their kind Date: 16-8-2015

    What is the ruling on the profits of shares and investment certificates, and their related Zakaah? .. More

  • The landlord should pay Zakah for money he receives as advance rent Date: 21-7-2014

    Assalaamu alaikum wb, Ramdan Mubark to all our sisters and brothers, in reference to the above title I would be very happy to receive your valuable comments. One of our brother and his family staying on rent house also they pay every month rent for the same house, here he has paid some amount as advance on initial stage ( time of registration) kindly.. More

  • No Zakah on property not designated for trade Date: 24-6-2014

    Assalamu Alaikum! I am working in Qatar for the last 16 years and will In Sha Allah retire after 7 years. As a matter of future planning, I have purchased 6 plots of land and constructed a house for living in my country. I have Ma Sha Allah 2 daughters and 2 sons who are still studying in school. My house is on rent and revenues around 23000 QR/year,.. More

  • Zakah on sale of land whose profit is intended for charity Date: 7-6-2014

    My father bought a property for my brother and I. I know that if I intend to sell this land for personal gain, I have to pay zakat on its value; but what if I intend to sell the land and donate all the proceeds to charity? Do I still have to pay zakat on it? Jezak Allah khair .. More

  • Paying zakat on a car that was bought with the intention of selling it Date: 22-1-2014

    I am an Algerian residing in Qatar and I purchased a car in installments. My intention was to ship it to Algeria to sell it after fulfilling the installments. However, I had a change of mind a year later and may not ship it after all. Am I obliged to pay zakat on it?.. More

  • Zakah of shares intended for the utilization of their revenues Date: 22-1-2014

    I bought shares in an Islamic bank and I utilize the revenue. Do I have to pay Zakaah for these shares?.. More

  • Should a merchant pay Zakah for stocked commodities he could not sell? Date: 21-1-2014

    Is Zakaah obligatory upon commodities stocked for more than a year? I am a merchant of general trade materials. I took part with a person in trading spare parts for heavy equipment for machines. We bought the aforementioned materials for $220,000. After a year, the net profit for each of us was $500. That is to say that we could not sell except a very.. More