Zakaat

Zakaat on money owed to a person

Q: I am a young baaligh teenager and I have a share in a business with my friend. We have not yet cashed out and split the money. The money that is owed to me is more than the nisaab amount. However, we do not have that amount of cash on hand and so that is why we have not cashed out and split the profits. Is zakaat liable on me?

Zakaat for a person whose debts are more than his assets

Q: I have wealth more than nisaab (R50 000) that makes zakaat compulsory upon myself. I took a loan from a relative (R1.2m) to purchase a house. I will be repaying him over monthly installments (R10 000) over the next 10 years. Hence, in essence, my debt is more than my assets.

1. How do I calculate my zakaat?

2. Does this make me a recipient of zakaat?

Giving zakaat to a person that one thought was eligible to accept zakaat

Q: I would like some advice on the following matter:

During this year's Ramadhaan, I distributed a portion of my zakaat to a person who was previously regarded as eligible for receiving zakaat. Today, I found out from a family member that after enquiring from their local Ulama, they found out that this person is no longer a recipient of zakaat.

Please advise whether the zakaat will be accepted or whether I have to distribute the sum of that amount again as Zakaat.

Discharging zakaat to recipients who are no longer eligible to receive zakaat

Q: I have a family member who was very much in debt and therefore was in need of zakaat money. I therefore took zakaat money from an acquaintance of mine and decided to collect more money before sending it to them as they are abroad and sending small amounts often would be costly.

However, after collecting the money, just before I could send it to them they had a property of a deceased relative which was sold and they received a fraction of their share of the estate (the money is given to them in few portions over a period of a couple of months as per the country's law and not all at once, so they had received a portion of their share of the estate not their entire share). With the amount received they started to settle their debts. Had they recieved the full amount of the estate they would be able to fulfill their debts but they haven't received their entire share as yet.

What should I do with the zakaat money I had for them. Can I still give it to them as the period of time in which I recieved the zakaat money for them, they were able to receive the zakaat and it was given to me for them but I could not send it due to it being costly to send it in small amounts so often.

If not then what should I do with the zakaat money that I have with me? 

Paying zakaat in kind in place of cash

Q: My question is regarding zakaat. I work in a retail clothing company and my boss tends to miss zakaat payments due to cash flow reasons. Alhamdulillah his business is good and intentions are clear. Due to the nature of his business, he needs to hold lots of physical stock of clothes. Someone advised him that he can pay clothes as zakaat if he has cash flow issues. My questions are:

1. Can he pay his zakaat in clothes instead of cash?

2. If yes, can he clear off his OLD STOCK, and at what value - the value at the time of production, the value at the time of purchase or the sales value?