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View By Subject 21 fatwas
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Paying Zakah on wealth
According to the Hadith, Zakah is paid on money/wealth that one has had for a year. I do not have money/wealth that sits for a year without adding to it or removing from it. How do I go about paying Zakah?.. More
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Paying Zakaah from Bank Account Mixing Salaries, Deposits, Expense Funds
In EU money is deposited in the bank and the salaries usually go to the bank straight away which means savings and salaries are mixed. This means it is very hard to keep track of the period for each amount, since in practice we use the same account to withdraw for daily expenses. So every Ramadan, I see how much in the bank and I pay 2.5% for Zakah... More
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Paying Zakaah on Pension
I would like your advice on the following: I am retired so do I have to pay Zakah from my savings despite the fact that I have no other source of income? Do I have to pay Zakah from my small monthly pension? Does my wife has to pay from her monthly share?
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Calculating Zakah
I asked for a formula to calculate Zakah for monthly increasing amounts. You asked to refer to question 1113. Please help in calculating the Zakah for the following amounts in United Arab Dirhams. 03/1999 8160, 04/1999 19360, 05/1999 35160, 06/1999 52820, 07/1999 39941, 08/1999 56805, 09/2000 47038, 10/1999 62655, 11/1999 57587, 12/1999 20207, 01/2000.. More
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Paying Zakah on sale of small business
I started a small business for one year. After one year there was an amount of (2700) Dirhams in the bank. I cancelled the buisness and sold all furniture and equipment. I didn't sell that on cash but rather on many payments. After another year there was an amount of 47000 Dirhams in the bank. The question is: Do I need to pay the ZAKAT for one year.. More
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Paying Zakah
My Question is regarding Zakah: 1) For example, let 1200 dollarsbe the minimum amount which makes one eligible to pay zakah. Should a person pay zakah on it as soon as it reaches that amount? 2) Assuming he has paid zakah on the minimum amount and after a few months he reaches that amount again, should he pay zakah again or is it sufficient for him.. More
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