Zakaat on Provident Fund Contributions
Q: Please advise if Zakaah is payable on a Provident Fund.
Factors that make Zakaat compulsory
Zakaat on Intercompany Loans
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?
Zakaat on Loans Given to Individuals or Companies
Q: Is Zakaat payable on loans given to individuals and companies?
Zakaat on Second and Third Homes
Q: Is Zakaat payable on second and third homes used occasionally? If yes, how should this be calculated?
Zakaat on Public Company Shares
Q: Is Zakaat payable on public company shares? If yes, how should this be calculated?
Zakaat on Various Forms of Buildings as Investments
Q: 1. Is Zakaat payable on freehold vacant land? If yes, how should this be calculated?
Zakaat on Fixed Property
Q: Please advise on whether zakaat is payable on fixed property - house and business immovable property, property held for investment?
Zakaat on the Equipment of a Catering Business
Q: If you have a catering business with equipment such as crockery and fabrics in possession, is zakaat payable on it?
Zakaat on a House Not Yet Registered On One's Name
Q: Is zakaat paid on money that has been given to buy a house but the house is not yet on my name?
Zakaat on One's House
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.