Zakaat

Accepting zakaat funds for a bursary

Q: I’m a 19 year old student currently studying at Univeristy. My father has just recently got a job but the income barely covers our home expenses and my mother is unemployed. My mother does however have money invested where she receives some every month and this covers the rest of our house expenses. My parents cannot afford to pay my univeristy fees with this money. I have been offered a bursary but they give Zakaat money. I would like to find out if it is permissible for me to accept this money.

Changing the nisaab from silver to gold

Q: Lately I was informed that on account of the price of the Qurbaani animals increasing in certain places, some scholars have suggested that the Nisaab should change from silver to gold to make it easy for the people so that they will not have to do the Qurbaani. Will it be permissible for one to accept this opinion and pay Zakaat and do Qurbaani only if one possesses wealth that equals the gold Nisaab? The silver Nisaab is 612,36g of silver, which, at present, is approximately R4 764 and the gold Nisaab is 87,48g of gold which, at present, is approximately R50 000. According to this, a lot of people who possess wealth less than R50 000, but more than R4 764 will not have to do Qurbaani and nor will they have to discharge Zakaat.

Calculating zakaat

Q: I want to know how much zakat I have to give. I have started earning on my own. How much amount after completion of one year I have to give and to whom?

Also, if I use money for construction or buying any property, is Zakat mandatory for that purchased land or home?