Zakaat on Fixed Property
Q: Please advise on whether zakaat is payable on fixed property - house and business immovable property, property held for investment?
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: Is zakaat paid on money that has been given to buy a house but the house is not yet on my name?
Q: We have Alhamdullillah two houses. One we are using to live and the other we are receiving rent from it and also my father's shop is there in this house...how should we pay zakaat on it? As far as I know there is no zakaat on the house we are living in. Please provide me with the details.
Q: Do I have to pay zakaat on money in my pension and provident fund?
Q: I have a share in a certain Hospital. One year has already elapsed and the construction is still carrying on. I have absolutely no idea when it will start operating. Do I have to discharge the Zakaat of this share?
Q: Is zakaat fardh on the payout received from a provident-fund, pension-fund or retirement-fund?
Q: Is zakaat fardh upon life insurance which matures after the death of the policy holder?
Q: If a person purchases raw material with the intention of manufacturing products to be sold, then will zakaat be fardh on such raw material?
Q: I own a textile mill. I first import the yarn from which the material is manufactured. I supply certain companies material at the manufacturing cost plus ten percent profit. I also wholesale fabric at the wholesale price which is approximately my cost plus twenty percent. I am also a retailer and supply the public at the retail price. When calculating my zakaat, which market am I obligated to take into consideration? Should I evaluate my wealth in accordance to the retailer’s market, wholesaler’s market, or the manufacturer’s market?