Zakaat

Zakaat on investments and loans

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?

Zakaat of previous years

Q: My salary is 6500 qatari riyals among which I keep 2000 and the rest I give to my mother. From this 2000 in my bank I have around 24000 qatari riyals till now and I am working from 3 years. So should I pay zakaat and how to calculate it? I am 21 now and I never paid before but I realize I must make sure my money is paak and halaal. Please guide me.

Zakaat on cash

Q: I have saved R 10 000 for close to a year, however 1 month from completing a year, I had to use R 5000. Only R 5000 is eventually saved for a year. Is zakaat only due on the remainder of the saving amount i.e. R 5000? Please advise further.

Giving sadaqah

Q: I know I am supposed to listen and obey my parents but I wanted to give sadaqa on a regular basis where the charity takes the money out of my bank account weekly but my dad said not to do that saying we don't have much money and just to put some loose change in sadaqa from my pocket now and then. However, I do feel that I have sufficent funds for my needs and the rest is spare. So what shall I do, shall I listen to my dad or shall I just keep giving on a regular basis from my bank account?

Giving extra zakaat

Q: Is it ok to give extra zakaat than the amount that is compulsory due incase in previous years you might have made a mistake because I have a lot of doubts and think things over and over again whether I did things right?