Zakaat on a collateral
Q: Ahmad loaned Cassim R100 000 in cash. Cassim gave 2 kruger coins as a security on the loan (todays value approximately R56 000).
Who pays zakaat on the 2 kruger coins? Who pays zakaat on the loan of R100 000?
Q: Ahmad loaned Cassim R100 000 in cash. Cassim gave 2 kruger coins as a security on the loan (todays value approximately R56 000).
Who pays zakaat on the 2 kruger coins? Who pays zakaat on the loan of R100 000?
Q: If a person has a gold tooth, will it be necessary for him to include it in his zakaat calculation and pay zakaat on it?
Q: Can zakat be given to Barelvi?
Q: If a person is studying at a university and is funded by a government bursary as well as gets discount by the university but the government bursary only pays fees in January or so, so the student is in debt to the university by the end of year in December, but because the government pays the bursary in January and due to the discount that the university gives there is still an amount left over with the university on the students financial statement stating that the university owes the student some money. So all the years of studies goes on in this way where the excess money left over gets used up completely during the course of the year for fees but by the end of the year the student is in debt and the following year the bursary pays it out and now the university owes the student.
Does the student have to pay zakaat on the left over amount that's reflecting on his financial statement? (Despite this money getting used up during the course of the year completely and despite him not having any access to it) or does he only have to pay zakaat on the money that he has in his possession?
Q:
1. My mother wants to offer me her money which she says is earned by halaal means by selling her land. However, I have a doubt in my heart that the money is actually not halaal as it is charity collected from people that was supposed to be given to the poor and needy. Is taking this money from my mother permissible for me?
2. I want to start a business using this money, but because I have a doubt about it, I want to keep only the profits and pay back all of the invested amount to my mother. Will this be permissible?
Q: If money has been collected with the intention of building a house, then when will zakaat be due on it?
Q: A husband has custody of the wife's jewellery. They are currently separated - the mother in law had custody of it for 22 years as it was kept as an amaanat but zakat has not been paid on this jewellery.
Q: I purchased a piece of land (the land was not yet ready for construction) to construct a house on it when I have money and I want to give it on rent. Is zakaat payable or not on that piece of land?
Q: Would it be permissible for a father to state that he will pay his daughter’s zakaat till she gets married and then discharge it for as long as she isn’t married without informing her. Or would he have to inform her every year at the time that he is discharging it?
Q: An elderly man needs to go for an operation and does not have funds to pay for it. He is a male of 76 years and receives pension from the state government. He does not own a house and is supported by his one daughter.
My question is, can I use zakaat funds to pay for his operation?