Zakaat on the Capital Investment
Q: Please can you help with guidance on the following with regards to Zakaat:
My family have made an investment in a Shariah compliant business that pays out monthly returns.
Giving Clothes as Zakaat
Q: When giving Zakaat in Ramadaan is it permissible to give clothing e.g. leather jackets and include it in the Zakaat?
Giving Zakaat in Gold
Q: If we are giving gold as Zakaat, should we take into consideration the current gold value or the selling price? If we sell it, we only get half of its value.
Solution to Disunity
Q: Please inform us regarding the Ulama taking each other to court, what is the solution?
Zakaat on Jewellery if One is in Debts
Q: I have jewellery for more than a year. However, I also have a personal loan for the same amount for which I am paying monthly and interest. So I am in debt for that much of amount the worth of which I have jewellery for more than a year. So do I need to pay zakaat for this ?
Date of Zakaat
Q: I want to pay my zakaat and I do not know the exact date. It was between February 18 and end of November when I was 9 years old. I am inclined towards more towards November that I became baligh. I do not know which date to choose. Which date must I choose?
Zakaat on Cash Kept in Trust By The Bank For the Seller
Q: One is in the process of purchasing a property and pays the deposit to a bank & not the seller of the property. The bank then issues a guarantee (to the sum of the cash deposited) in favour of the seller of the property. The guarantees will be paid over to the seller once the property is transferred into the purchaser’s name.
At one’s Zakaat date the property has not yet been transferred and the cash is still at the bank in the form of a guarantee. Is such cash then Zakaatable?
Amount Upon Which Zakaat is Calculated
Q: On the 1st of Ramadan I had £30,000, by the end of that year I had £15,000 - do I give zakat on £30,000 or on £15,000?
Giving Food Items as Zakaat
Q: Is one allowed to give food items or food like grocery as zakaat?
Zakaat to One Who is Due to Receive Inheritance
Q: A person is living in a condition where he is need of zakaat, however he is an heir to his father’s inheritance, which for years has not distributed and neither is it known when will it be distributed due to procedures and complications, etc. Can zakaat be given to him now due to his present state and condition?