Zakaat on Stock for Trade
Q: 1. How does one calculate (cost, selling price) Zakaah on Stock for trade?
Q: 1. How does one calculate (cost, selling price) Zakaah on Stock for trade?
Q: When welfare organizations receive zakaat money in the month of Ramadaan, can this money be kept to fund all the cases they receive throughout the year and then bring this amount to nil by the following Ramadaan or has the money to be disposed this month and if so how does one support the cases.
Q: If I give my zakaat to A to give it for me, they then give it to B to take it to the bank (organisation) or to an Aalim. B could be a non-muslim. It is possible that I do not know of it changing so many hands. Is my zakaat valid?
Q: Please can you help with guidance on the following with regards to Zakaat:
My family have made an investment in a Shariah compliant business that pays out monthly returns.
Q: When giving Zakaat in Ramadaan is it permissible to give clothing e.g. leather jackets and include it in the Zakaat?
Q: If we are giving gold as Zakaat, should we take into consideration the current gold value or the selling price? If we sell it, we only get half of its value.
Q: Please inform us regarding the Ulama taking each other to court, what is the solution?
Q: I have jewellery for more than a year. However, I also have a personal loan for the same amount for which I am paying monthly and interest. So I am in debt for that much of amount the worth of which I have jewellery for more than a year. So do I need to pay zakaat for this ?
Q: I want to pay my zakaat and I do not know the exact date. It was between February 18 and end of November when I was 9 years old. I am inclined towards more towards November that I became baligh. I do not know which date to choose. Which date must I choose?
Q: One is in the process of purchasing a property and pays the deposit to a bank & not the seller of the property. The bank then issues a guarantee (to the sum of the cash deposited) in favour of the seller of the property. The guarantees will be paid over to the seller once the property is transferred into the purchaser’s name.
At one’s Zakaat date the property has not yet been transferred and the cash is still at the bank in the form of a guarantee. Is such cash then Zakaatable?