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32 fatwas

  • Deducting the Value of Debt from the Nisaab When Paying Zakaah Date: 25-8-2020

    AoA I need some clear advice on my zakat calculation. 1) Do I pay zakat on my current bank balance or the amount that has been in my account for the entire lunar year? My bank balance has been fluctuating between £3000 and £10,000 over the year so I have had £3000 consistently over the year but only accumulated additional funds over the last few.. More

  • Zakah Whilst Indebted Date: 4-8-2019

    I buy 1 home from realstate and it is under construction and I pay around 50% money of value. After completetion of full payment is on my name. Is that 50% money are applicable for zakaahjQuery1110009113184871700875_1558163411025? .. More

  • Paying zakaah on land bought on credit Date: 29-12-2017

    I purchased a land in installments at a total cost of US$ 96,000/- and I have paid $ 72,000/- until now. The land is still not in my possession, and I even do not know its plot number. However, the present market value is US$ 400,000/-. My question is, do I have to pay zakah for it? If I have to do so, then what value shall I pay it on: 1- $96,000/-.. More

  • Zakaah on loan kept in bank account Date: 3-8-2017

    Assalaamu alaykum. My Question is about the zakah on lended money which I keep at the bank for one lunar year. I wanted to purchase land in India, for which I saved some (1/2 amount) money, and I took a loan (1/2 amount)from Al-Rajhi bank (Saudi Arabia), but I did not invest it immediately as I did not get any suitable land, so the money which I saved.. More

  • Zakah on shops including customer debts Date: 3-1-2017

    Assalaamu alaykum. Last year, I started a business with my partner and we invested 40 lacs in it, out of which we bought two shops for 32 lacs and the stuff for our shop for 8 lacs. After a year passed, we did the calculations of our shop, and we had a benefit of about 5 lacs. At the same time, however, we came to know that we have about 7 lacs outside,.. More

  • Paying zakah on inaccessible money Date: 28-11-2016

    Assalaamu alaykum wa rahmatullaah. I need some advise concerning zakah. My wife worked in France for a few years before becoming Muslim; at the time that she became Muslim, she was living in England. She did not have access to her money in France due to administrative restrictions. Since then, we have bought a house via a mortgage, and she is still.. More

  • Paying zakah on money loaned to others Date: 20-11-2015

    My dad gave me money to use when I get married. However, my brother took all of it as a debt. He did not anything back to me yet, but he will later. Dad gave me another amount of money after this, but I spent some of it. My question is about zakah. Last year, I paid it on all the money, even what I do not have. This year, I do not have enough money.. More

  • Zakah on a debt that has to be returned over nine years Date: 20-11-2015

    I applied for a one-millionloan without interestfrom my office and received it last year at a rate of return in 10 years. I have returned 0.1 million and 0.9 million remains, but I earned that money and it is available in my account but I should return it to my office over nine years. I want to know whether zakah should be paid on this amount that I.. More

  • Conditions of paying debt from Zakah Date: 16-8-2015

    My brother took a loan from my husband and has not paid it yet although two years have passed since then. If I pay this sum to my husband as if it were from my brother, can I regard it as part of the Zakaah due on my property? .. More

  • When debt is deducted from Zakah owed on gold, silver and cash Date: 19-6-2015

    SalamLast year i took loan of Rs.950000/- from my company to buy a residential plot. I am returning the loan to the company in the form of intallments of Rs.25000/- per month which are automatically deducted from my salary every month.I could not get the plot up till now and one year has passed since i took the loan.1. is there zakat on the money possessed.. More

  • Debt not deducted from assets liable to Zakah Date: 10-1-2015

    I did sign a contract to buy an appartment. I am going to pay instalment every 3 months for 4 years and I gave the company dated checks to cover all the payment. The appartment is not built yet and the company is going to hand over the appartment to me after 4 years accourding to the contract. I have no intention to sell this appartment. My question.. More

  • Zakah for the one who lent his father a sum of money Date: 22-1-2014

    I lent my father a sum of money that exceeds the Nisaab. I used to send him a certain sum every month for two years on the basis that I would get it back by taking a piece of land or house from his possessions in consideration of this borrowed money. Should I pay Zakaah for this money?.. More

  • Should Zakah be paid for bank deposits pledged as loan collateral? Date: 13-5-2013

    I have deposits in the banks that yield annual revenue. I borrowed a secured loan against these deposits to buy and furnish a house. I still pay the installments of these debts. Should I pay Zakaah for these deposits? If yes, what is the rate of Zakaah? .. More

  • Virtue of cancelling the debt of an insolvent person Date: 2-4-2013

    I gave a man a sum of money as a debt but afterwards I decided to make it a charity for the Sake of Allaah. Is this considered charity? .. More

  • Zakah of a sum allocated to repaying debts Date: 1-4-2013

    A person borrowed a sum of money from a bank to repay throughout a certain period. This person was able to collect the sum and he decided to pay back the loan before the appointed time its repayment is due. He is asking: Should he pay Zakaah for the sum he collected to repay the debt if a lunar year elapsed on it? .. More