Q: At work, I have got a lot of leave days due to me for the last two years of employment. The company has agreed to pay me out for these leave days. However I have not received payment for these leave days yet and now my zakaat payment for the past year is due. Do I include this amount in my zakaat calculation and pay zakaat on it or is zakaat due on it when I receive the money from my employer.
Q: How is Zakaat calculated on shares in property investments, e.g. Al-Mabroor Property Investments etc. a) Is Zakaat payable on the entire investment amount or b) Is Zakaat payable only on the income received which one has in his possession when Zakaat is due?
Q: Do I have to pay the Zakaat on rental income after taking away all expenses or I have to pay Zakaat on the purchase price of the house?
Q: When paying zakaat on unit trusts investments, does one pay on the original amount invested or the current value?
Q: Is zakaat payable on outstanding debts owed to a person in lieu of merchandise sold? If the debt is paid after few years, will zakaat have to be paid for the previous years?
Q: Is zakaat payable on outstanding debts owed to a person in lieu of services carried out e.g. accountant’s fees, lawyer’s fees, etc? Will one include these outstanding debts when calculating one's zakaat on one's zakaat date? If the wealth is paid after a few years, will zakaat have to be paid for the past years?
Q: I have shares with my company. I have held an x amount of shares for an entire year. This year the share value is unchanged from last year. Is the zakaah due still 2.5% on the value of all shares held by myself? Please advise.
Q: For zakaat, the cash is totaled up and 2.5 % is to be paid, but gold jewellery and silver are they separate? For example, someone has gold above the nisaab amount, they evaluate its worth and separately, calculate 2.5 % from its worth, or do they add its worth to the cash total and pay 2.5 % on the lump sum? Or do the cash amount and gold amount separately?
Q: I have relatives who were not on the straight path and ignorant about Islam and now I want to help them to do their zakaat, so I have a number of questions.
1. How do we calculate a date for Zakaat? They're both above the Nisaab. Do we calculate via picking a new date or by estimating when they last went above the threshold for zakaat?
2. How should the zakaat of the past years be calculated? From what starting point?
3. If one has a debt, but has money that is above the threshold amount, must he pay zakaat? But if the debt is paid then he will be below zakaat, will he be obligated to pay zakaat still if he doesn't pay the debt for a year?
4. How is Zakaatul Fitr paid and is it Fardh?
5. Is zakaat due on inheritance?
Q:
1. I invested some money in a company. Unfortunately, the company was a fraud. Government possessed all investments and it is still under investigation. Money is not in my possession any longer. Do I have to pay Zakaat on this?
2. I've loaned out money to a few people. No one has paid me back as yet. Do I have to pay Zakaat on this?
3. Do I have to calculate exactly 2.5% Zakaat or can I give more than this as Zakaat?