Q: I have a problem with regards to a person whose owing money to me and I don’t know how else to handle the situation according to how Allah would expect me to. About 2 years ago, I was selling used motor vehicles and was closing down the business and getting rid of the stock that I never sold.
Q: Is Zakaat payable on loans given to individuals and companies?
Q: Is Zakaat payable on second and third homes used occasionally? If yes, how should this be calculated?
Q: Is Zakaat payable on public company shares? If yes, how should this be calculated?
Q: 1. Is Zakaat payable on freehold vacant land? If yes, how should this be calculated?
Q: What is the difference between zakaat and fitrah? Who has to give fitra?
Q: Please advise on whether zakaat is payable on fixed property - house and business immovable property, property held for investment?
Q: If you have a catering business with equipment such as crockery and fabrics in possession, is zakaat payable on it?
Q: Can zakaat be paid before the end of the year when it will be due?
Q: The following is an usool question which I would like clarity in. I told the brothers they could pay zakaat earlier then the time it is due. For example Ramadan is in a week so give it now to benefit the poor. The people said it makes no sense. They said, then why can I not fast a month earlier. Why can I not pray Salaah a day before? Is it true that we can give zakaat earlier because it is to benefit the poor? Can you please help me answer this brother?