Zakaat on Shares
Q: Is zakaat fardh on shares? If yes, then how will it be calculated?
Q: Is zakaat fardh on shares? If yes, then how will it be calculated?
Q: Is zakaat fardh on properties, flats, etc?
Q: Is zakaat compulsory on the payout received from an insurance company for the previous years?
Q: A person purchased an item for resale purposes but thereafter cancelled his intention. After some time, he decided to once again sell the item. Will zakaat be fardh on the item?
Q: Is zakaat waajib upon life insurance which matures after the death of the policy holder?
Q: Is zakaat waajib on the payout received from a provident-fund, pension-fund or retirement-fund?
Q: Zaid took a loan from Bakr. Bakr demanded a certain amount of cash and jewelry as collateral for the loan. Zaid paid back the loan after three years. Does Zaid have to pay zakaat on the collateral and jewelry for the previous years?
Q: A person purchased a car or house with the intention of resale. Since he does not have any other mode of transport or residence, he is using the purchased car or house till he finds a buyer. Will zakaat be fardh upon the house and car?
Q: Is zakaat fardh on rent owed to a person?
Q: Is it necessary upon a person to discharge the zakaat of those monies (debts) which are owed to him?