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Zakaat on Goods

Submitted by admin on Wed, 2012-02-08 15:47

Q: Is zakaat compulsory on goods?

Category:

Zakaat

Stock in trade

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Zakaat on Gold and Silver

Submitted by admin on Tue, 2012-02-07 16:55

Q: How will zakaat be paid on gold and silver? Similarly will one take the workmanship in consideration when calculating one's zakaat on gold and silver jewellery?

Category:

Zakaat

Gold, silver and cash

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Nisaab amount of Gold and Silver

Submitted by admin on Tue, 2012-02-07 16:51

Q: What is the nisaab amount of gold and silver?

Category:

Zakaat

Gold, silver and cash

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Wealth decreasing before the zakaat date

Submitted by admin on Tue, 2012-02-07 16:47

Q: What is the mas’alah regarding a person whose wealth decreased before the zakaat date?

E.g. Bakr possessed R1 000 000 throughout the year. Just before the end of his zakaatable year i.e. 1st of Ramadhaan, he suffered a loss of R900 000 in his business. Will Bakr now have to pay zakaat on R1 000 000 or R100 000?

Category:

Zakaat

Calculating zakaat

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Receiving wealth before one’s zakaat date

Submitted by admin on Tue, 2012-02-07 16:43

Q: What is the mas’alah regarding a person who received some wealth prior to the completion of the zakaatable year?

E.g. Zaid’s zakaatable year ends on the 1st of Ramadhaan. A few days before the 1st of Ramadhaan, he received a lump sum of R1 000 000 in inheritance. Will Zaid have to pay zakaat on the R1 000 000 as well?

Category:

Zakaat

Factors that make Zakaat compulsory