Q:
a) Do you agree with those scholars that say that an adjusted rate of Zakaat i.e. 2.577 % should be used when the figures used to calculate ones zakaat are obtained from financial information that are released on an annual basis (solar calendar) example Annual Financial Statements of multinational companies.
b) If Mufti saheb does not agree with the above, what alternative does he suggest to calculate zakaat in the absence of any other financial information?
Q: I am a widow since four months. I have two daughters which are married. I don't have any brothers. In the presence of my husband there were 13 lacs deposited in saving. Every month I receive 10 thousand from income which is not enough for monthly expenditure that's why my husband's elder brother supports me. So basically my question to you is that am I supposed to give zakat on the 13 lacs?
Q: I have tried calculating my zakaat but unfortunately I get quite confused when gold is added. Will really appreciate some guidance on this.
1. I recently married and received pieces of jewellery which is less than 85 grams in total. Am I liable to pay zakaat on this?
2. I currently have 2 (1 oz) Kruger coins as well as 2 Mandela coins. When I researched the grams its 28.35 grams = 1 Ounce. The mandela coins have 5.1 grams of Gold and 2.68 grams of silver. Am I liable to pay zakaat on this?
I also have cash but shukr at least this I know how to calculate.
Q:
1) Is it permissible for a person to change his annual zakaat date to a more suitable date?
2) Do you agree with an adjustment to the zakaat rate if a person chooses to calculate his zakaat using the solar calendar?
Q: I have a shop, and pay 1200 as rent. I have given some money as security to the landlord. Should I add this security money while calculating nisaab for zakaat? Please reply?
Q: I have loaned some money to a relative and wanted to know while paying zakaat, do I have to include the loaned amount or only when I receive it?
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?