Zakaat on the Payout received from a Provident-fund, Pension-fund or Retirement-fund
Q: Is zakaat waajib on the payout received from a provident-fund, pension-fund or retirement-fund?
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?
Q: What is the mas’alah regarding a person who received some wealth prior to the completion of the zakaatable year?
E.g. Zaid’s zakaatable year ends on the 1st of Ramadhaan. A few days before the 1st of Ramadhaan, he received a lump sum of R1 000 000 in inheritance. Will Zaid have to pay zakaat on the R1 000 000 as well?
Q: When will zakaat be obligatory and how should one work out one's zakaat date?
Q: Is zakaat compulsory upon platinum, gems, rubies, diamonds, sapphires, etc?
Q: Upon which wealth does a person have to pay zakaat?
Q: Is zakaat compulsory on a person who possesses the nisaab amount but also has unsettled debts?