Q: I earn a salary upto 40,000 rupees per month. Sometimes I save the complete salary and sometimes I give part of my salary (20,000 to 30,000) to my family for their shop. Currently I have 60,000 rupees in the bank and I have been working since last year, is zakaat waajid upon me? If yes, how do I calculate the zakaat?
Q: There are different concepts regarding taking out zakat on your gold. Some people say that you have to take it out on the price you will purchase that amount of gold (new gold price), some say that you need to deduct 12 mashaay, some say that on the amount you will sell your gold you have to take zakat on that amount of money. I cannot take my gold every year to the goldsmith to measure and then to take out the zakat due to the reasons of security. Can you please guide me the correct method in the light of Quran and Sunnah. For example if I have 12.947 tola of gold, and the rate of gold is as follows:
24K 10 Grams = Rs 42128
24K Per Tola = Rs 49150
22K 10 Grams = Rs 38617
What would be the amount to be taken out as zakat on the above mentioned gold rates?
Q: I earn R3000 monthly. I just want to know how much should I give away as sadqah and zakaat?
Q: I have an approximate amount of 2.6 million in an investment with Al Baraka bank,with a monthly return plan. Do I need to give zakaat on it? If so, how much and how do I calculate?
Q: A person purchased land abroad with the intention to sell and make profit 8 years ago. The price of this land has risen, thought is stagnant at present. However due to a decline in foreign investors in the country the market for foreign companies purchasing land from individuals is at a standstill. Therefore being unable to sell this land for the foreseeable future would one be required to pay zakaat on this? If so, at what price? i.e market or purchase price?
Q: Until recently I thought I did not have to give zakat because I was under the assumption there was only one nisab, the nisab for gold, and I have never owned more than the nisab for gold. However now I am aware that there is a nisab for silver, and that this should be used when calculating zakat. Since I haven't paid zakat until now, I would like to start calculating my zakat for the previous years as well as for this year however I have some questions as I haven't calculated zakat before:
1) Do I estimate how much zakatable assets I have at the END of each zakat year and then pay 2.5% of that in zakat?
2) The nisab value constantly changes, for example at the moment the nisab for is around £294, but previous years it was different. So when determining if I own above the nisab in previous years and am therefore eligible for paying zakat, since I don't know what the nisab was in those years should I use the current nisab when calculating for previous years?
3) Since I did not know I had to pay zakat, I also have not taken part in qurbani (udhiya). How should I go about calculating how much I owe for this?
4) Can I pay my zakat through an islamic charitable organisation, such as MuslimAid, IslamicRelief, etc?
Forgive me for the long question, but I want to make sure i'm paying zakat correctly, especially as I had been ignorant of it for many years. May Allah subhanahu wa ta'ala make it easy for us to fulfil our religious obligations.
Q: The general "market" for an ordinary person wishing to sell his jewellery in our times would be to a jeweler or a gold purchaser. The value thus given by them constitutes the market value. The established practice of both these dealers in evaluating an item to be purchased by them is to consider the gold content present in the jewellery only. They ignore any value that may exist due to the workmanship present in that gold or silver jewellery.
Question: Will this value given by the jeweller or gold purchaser (which is based on gold content only) be the market value considered for zakaat purposes?
Q: I have invested some money in a telecoms company through a family member. The shares are not available to the general public and only to employees, and the family member is one of the employees. He does not have any control or say in the company as he is a minority shareholder. Please advise how I should go about calculating zakaat. The company is not a Muslim owned company.
Q: Meri umar 23 saal he or mera source of income kuch nahi he. Lekin phr bhi pocket money or eidi etc se merey pass approximately 70,000 he or 10 tola chandi(jo k mri walidah ny mjy dii hy) or 7000 maliat ka gold hy. Yeh raqam merey pass 2-3 saal se hy. Last year merey pass jama shuda raqam 50,000 or 10 tola chandi or 7000 maliat ka gold tha jinki mene zakat ada kar thi. Men aapse yeh pochna chahti hun ke kya mujh par in sub cheezon ki zakat bunnti he ya nahi. Qu ke me yeh raqam apny laser eye treatment ke lye jama kar rhi hun qu ke meri eyeside weak hy. Agr laser treatment na krva ski tu phr yh raqam apny jaheiz ke lye istimal karun gi. Tu kya is situation me mujh par zakaat banti he ya nahi.
Q: I live in the UK with one kid. My kid's dad lives in another country. Because I am a single mum and have no job, I receive some benefits from the government. I use that money for my and my kids's expenses. I don't work so I don't have anywhere alse to get my zakaat money from. Now my question is can I pay my zakaat from that money (which I receive from the government). Also I sometimes give sadaqa from that money. Is my sadaqa valid? Will Allah accept that sadaqah? The other thing I would like to know is how much money do I need to give in zakaat for gold, and cash?