Zakaat

Q: If a person has a huge loan that he has to pay monthly, does zakaat become obligatory on the gold jewellery that is under his possession.

Q: Does Zakaat need to be given by the wife or the Husband for gold jewellery?

Q: Can my husband give towards my family (his in laws) his zakaat?

Q: My sickly parents are elderly and my father’s salary does not cover household expenses. My sister requires aid in her studies. She is a full time student and can zakaat money be given to her for her studies and do I have to tell her that it is Zakaat?

Q:

1) When I gave my zakaat, I gave it with the intention of zakaat and of a worldly benefit e.g. increase in wealth. If my intention was not to please Allah or to attain anything in the hereafter, will it be valid?

Q: Please advise if Zakaah is payable on a Provident Fund.

Q: My family members and I have always (since I have had to pay, i.e. 7 years) been paying zakaat in Ramadhaan, although we are suppose to pay our zakaat in other months. We have also been calculating zakaat in Ramadhaan. What do I do to rectify the situation?

Q: Can I buy food / groceries for somebody with the intention of Zakaat?

Q: Is zakaat payable on Intercompany Loans? Company X and Y are owned by Mr. A. Company X lends Y R250 000 as demonstrated on the balance sheet. The loan is a general loan with no specific purpose. The loan is an Asset to X and a liability to Y. Will Company X pay Zakaat on the loan receivable from Y? Will Y subtract the loan in its zakaat calculation?

Q: My question is that does the business subtract Long term Liabilities when doing the zakaat calculation e.g. a loan of R2 million financed through the bank to purchase fixed assets and property.