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.
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?
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)?
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?
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.
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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?
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?
Q: I have always had my Zakaat anniversary as the 15 of Ramadaan. If I wish to change this date is it possible? Let's say I wish to from next year change my year to 15 Shabaan. I will do all my calculation on that date and give Zakaat at 2.5%. Is this possible? Alternatively, if the date I wish to use in future is 15 Shawaal, how would I put this into effect? Bearing in mind that this will then make it a 13 month year.
Q: I have a monthly income of R10 000 which is paid on the 1st of every month. At the end of the month I barely have anything left. I also have no savings. I was previously wealthy and also I never went insolvent. I always took out my zakaat in the first week of Ramadhan. If the first week of Ramadhan falls on the 1st week of the gregorian calender when I receive my salary, is zakaat waajib on me?