Q: Is zakaat payable on Intercompany Loans? Company X and Y are owned by Mr. A. Company X lends Y R250 000 as demonstrated on the balance sheet. The loan is a general loan with no specific purpose. The loan is an Asset to X and a liability to Y. Will Company X pay Zakaat on the loan receivable from Y? Will Y subtract the loan in its zakaat calculation?
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: 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?