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View By Subject 83 fatwas
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Should a merchant pay Zakah for stocked commodities he could not sell?
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
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Zakah on deposited funds
I have an insurance deposit of 20,000 Dinars for the license of a construction company. I deposited this sum into a financial firm. Is Zakaah due on this money noting that it is now not eligible for withdrawal? May Allaah Reward you... More
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Zakah on land
I bought a piece of land in return for 125,000 Riyals so as to preserve my salary:
1- Is Zakaah due on this land?
2- If it is due, please note that I bought it two years ago so do I have to pay Zakaah for this period?
3-Should the Zakaah be calculated based on the price with which I bought it or on the current value?.. More
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Zakah on land whose whole price has not been paid yet
Assalamualaikum, my question is regarding zakaat,, i buy an open land (for business) on installments for 5 years, & in last 2 years I paid 200000 rupees & balance is 300000 rupees I have to pay in next 3 years, my question is should I pay zakaat on this 200000 rupees which I paid to the owner ?or after finishing all the installments ? plz reply.jazaak.. More
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Trade partnership does not affect Zakah
May Allaah The Almighty Reward you. My question is related to Zakaah.
My brother and I live abroad. We have a sum of money upon which a lunar year has elapsed, knowing that we have brothers in our country who are our partners. A debt is due from all of us which we have not yet repaid. Should I and my brother who lives abroad pay Zakaah for the sum.. More
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How should trade partners pay the Zakah of their money?
We are a group of people who are trade partners. Our money has exceeded the Nisaab and one of the partners has taken his share of the profits but the others have not since the deal was not completely concluded. How should Zakaah be paid in such a case? .. More
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Ruling on Zakah of money that is earned from trade with cats
Is Zakaah due on the money of someone who trades in cats as he follows the opinion that adopts the permissibility of such a type of trade? Is Zakaah due on his money if it reaches the Nisaab? .. More
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Zakah on the money by which a piece of land was bought before a lunar year had lapsed
I collected money to buy a house or a piece of land to build a house on. I used to pay the Zakaah of that money every lunar year in the month of Ramadhaan. This year, in the month of Sha‘baan, Allaah The Almighty Granted me success in buying a piece of land with the money I collected. However, the selling contracts were not signed until Ramadhaan,.. More
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Zakah of mudhaarabah’s profits
I have given somebody a sum of money to invest in trade in return for a definite share from the profits at the end of every four months: I may take the capital and profits together, or only the profits and leave the capital to be reinvested in trade. How should I pay Zakaah on that money, given that the profit is spent immediately and no lunar year.. More
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Is Zakah due on a house’s revenue spent in maintenance?
My father bought a house four years ago, and rented it only three years later; and now a year has elapsed since its rental, and he has received no income from it, since the money taken was spent on maintenance; and now a lunar year has come upon it: is Zakaah due on it?.. More
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Zakah on land, factory and shares
As Salaam Alaikum 1st Question Currently we are leaving in 3 bedroom apartment. 2 years back we have purchased a land to construct our own house. Later we have realized that it is too difficult for us to maintain the house (we live in Qatar), now we have decided to purchase a 4 bed room pent house in the apartment (flat). The land which I have purchased.. More
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How to pay Zakah on land
Assalam o Alaykum I have a question regarding Zakat payable on the land that I buy. I am a working woman and I had bought a commercial plot with my earnings for the purpose of constructing my apartment on one floor and give the other floors on rent. This is only a plot and there is no building on it yet. At the moment I have some money and I intend.. More
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Zakah on land purchased to build a rental property on it
Assalamualaikum w.r.b. I worked for a company in Saudi Arabia for 10 years. The End-of-Service benefit I received is more than the specified Nisab. I invested this money on a land alongwith others with the intention of making use of this land to build something that can give some profit. As of now, nothing has been built. Do I need to pay Zakah on.. More
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No Zakah on land bought with no intention of selling it
Assalamu Alaikum, Dear Sheikh, If I buy several land properties without the intention of selling but as a savings for myself and my family, should I pay zakat?. .. More
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Zakah on land bought for building on it
salam, I bought three land plots which are of different costs in different locations. I have planned to construct 2 houses for my 2 daughters after 10 years. I have not yet decided over where I would construct the houses for my daughters. In this case, should I pay zakat for all of the three properties? .. More
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