Zakaat on the payout received from a provident fund, pension fund or retirement fund
Q: Is zakaat fardh on the payout received from a provident-fund, pension-fund or retirement-fund?
Q: Is zakaat fardh on the payout received from a provident-fund, pension-fund or retirement-fund?
Q: Is zakaat fardh upon life insurance which matures after the death of the policy holder?
Q: If a person purchases raw material with the intention of manufacturing products to be sold, then will zakaat be fardh on such raw material?
Q: I own a textile mill. I first import the yarn from which the material is manufactured. I supply certain companies material at the manufacturing cost plus ten percent profit. I also wholesale fabric at the wholesale price which is approximately my cost plus twenty percent. I am also a retailer and supply the public at the retail price. When calculating my zakaat, which market am I obligated to take into consideration? Should I evaluate my wealth in accordance to the retailer’s market, wholesaler’s market, or the manufacturer’s market?
Q: Is zakaat fardh on shares? If yes, then how will it be calculated?
Q: Is zakaat fardh on properties, flats, etc?
Q: Is zakaat compulsory on the payout received from an insurance company for the previous years?
Q: A person purchased an item for resale purposes but thereafter cancelled his intention. After some time, he decided to once again sell the item. Will zakaat be fardh on the item?
Q: Is zakaat waajib upon life insurance which matures after the death of the policy holder?
Q: Is zakaat waajib on the payout received from a provident-fund, pension-fund or retirement-fund?