How to calculate one's zakaat
Q: I want to know how do I work out the zakaat nisaab?
Calculating zakaat
Giving used furniture or used car in zakaat
Q: When giving used furniture or a used car as zakat, what value must be calculated for these items?
Which value should one consider when discharging zakaat?
Q: I received a gift which I havent used since, meaning it is brand new. I wish to give it in kind as my zakaat. The original price of the item was R300. Do I consider it as R300 whilst distributing it as zakaat? Or does the value drop? I received it almost a year ago.
Zakaat on the produce of a garden
Q: I have a garden patch on which I grow vegetables for my family and to sell. How do I work out the Zakaat on this?
Discharging zakaat after one's zakaat date
Q: A person every year gave zakat in the month of Ramdhaan (up to 2011). Last year (in 2012) he gave zakat in the month of zulhijjah or Muharram. When will zakat be due for this year(2013)?
Zakaat on retirement fund
Q: I have $100,000 in my retirement fund. I cannot withdraw any amount from this find until the next 10 years. If for some reason I withdraw, I will get $80,000 after penalty. On what amount do I have to pay zakah either $100,000 or $80,000?
Zakaat on Kruger coins
Q: Please advise me on whether zakat is payable on the selling price of a kruger coin or on the market value of an ounce of gold. The selling value of a kruger coin is more than the value of an ounce of gold although the kruger coin weighs an ounce.
When is zakaat due?
Q:
- When must I pay my zakaat? Is it during a specific month or at any time?
- When working out my zakaat, do I only consider the gold/silver and cash that I have at that specific time or does it work in cycles?
Zakaat on dollars
Q: In the country I stay, there is a big difference in the black dollar and official dollar rate. The dollar in this country is not the local currency. When I change dollars, I change on the black market because of the rate being higher. I normally take out my zakaat in the local currency. On the dollars that I have, should I take out my zakaat on the black market rate or on the official rate?
Wealth acquired before one's zakaatable date
Q: My father owned an apartment in Pakistan which had always been on rent. A week back, he sold it and received the money against it two days ago. My question is, when giving zakaat, will this money be taken into account? Or will it be considered after it has been in possession for a year?