Zakaat on jewellery if one is in debt
Q: If one has 100gms of gold but takes a loan from one of his relatives of 4 laks, not in gold but on credit, so does he have to pay zakaat?
Q: If one has 100gms of gold but takes a loan from one of his relatives of 4 laks, not in gold but on credit, so does he have to pay zakaat?
Q: I always paid zakaat on monies people owed to me regarding this as an asset. My question after listening to this mornings audio (zakaat on waived debt), does this mean I do not have to pay zakaat on monies due to me from loans given to a friend, family until such time as the money is repaid to me.
Q: I have question regarding zakat. I have cultivated bamboo on my land. Do I have to give zakat on bamboo? As far I know, the bamboo plant is not for eating so after harvesting it will I have to pay zakat?
What about sugarcane cultivation? E.g if I cultivate sugarcane on my land, it takes one year to harvest and after harvesting I have to send it to the sugar mills and I receive my money like after 2-3 months. So it takes 14 months and my harvest is almost more than 40000 mound what I have to pay? Will it count in money?
Q: If someone borrowed some money from me, do I have to give Zakaat on the money lent to someone?
Q:
1. I have question regarding zakat. I am a married and a house wife. My husband is working in another city. My husband gives me money monthly for home purchases and some pocket money. We don't have our own house, we just bought a piece of land 5 months ago and want to build a house. My husband has 7000 dollars and I have more than 100 grams of gold. So is zakat and qurbani waajib on me and on my husband or do we first have to build our house?
2. If qurbani and zakat is waajib on us, do we have to pay zakat separately and do qurbani separately?
Q: I was informed by certain Ulama that when calculating my Zakaat, I should only exclude my yearly liabilities and debts. Apart from that, I should pay Zakaat on my entire wealth. These Ulama explain that the reason for excluding the yearly instalments and liabilities is that it is treated as a debt that is payable immediately. The liabilities and debts over and above the yearly instalments will not be taken into account since it is Mu’ajjal (deferred). Is this view correct?
Q: I misplaced my kruger coin. After looking for it, I cannot find it. What is the law regardig its zakaat?
Q: If I have a savings account towards hajj and its more than 1 year:
1. Is qurbani wajib on me although I may not have any other money besides the savings for hajj?
2. Do I pay zakaat on that money?
Q: A person who is already eligible for giving zakat, if he is a government servant and he takes loan for house building from government and has to pay installments from his monthly pay for this loan. Is zakat wajib on this house building loan?
Q: Zakat should be paid on the market value of rental property as stock or on the rent?