Q:
1. How much zakaat needs to be paid on fruit trees, which have been purchased in order to make profits on selling the fruits?
2. How much zakaat needs to be paid on a bee hive, which has been bought and rented out to a farmer?
3. How do I pay zakaat on a solar panel which generates revenue from selling electricity produced?
Q: Does one have to pay zakaat only after one has had the stipulated amount of wealth in ones possession for a year or does one have to pay zakaat immediately after receiving the stipulated amount?
And what is the amount that if reached, one will have to pay zakaat?
Q: A trust was formed and a property was purchased for investment purposes. Shareholders bought into the investment. A portion of the net rental are distributed to the shareholders and a portion of this net rental is held back in the trust as a cash buffer for unforseen events (e.g. Unforeseen expense). What is the zakaat implications on the cash buffer held back in the property trust?
Q: We got a land as inheritance from my father: a portion of which he inherited from his mother and the rest of the land was purchased by my father from his heirs i.e my uncles. His mother also received the land as inheritance.
Zaid is living on this land and whatever vegetables, crops are grown there, I am responsible for providing the seeds and other expenses. Zaid looks after them, sells them in the market and then the profit is distributed as a 50 percent share. From the 50 percent that we receive, it is further divided into 8 parts, one part is received by 3 sisters and my mother each. While 2,2 parts belong to me and my brother.
Previously rainfall was the source of water for this land but almost 6 months ago we purchased a motor to draw water from the small natural water stream that passes through the land. The land is not plain, instead it has many small hills in it so the irrigated portion is quite less. Sometimes I get only a little portion of vegetables that cannot be sold so its used at home.
I want to inquire how to give ushar on the produce from this land?
Q:
1. I have a fish farm. How do I pay zakaat on it ? Do I have to pay zakaat on the amount of fish I have purchased for or do I have to pay on the current market price of all the fish I have?
2. What if most of the fish died and I am unable to know the exact amount of fish in the farm?
Q: I would like to enquire about a few zakaat issues:
1. How much zakaat needs to be paid on fruit trees, which have been purchased as an investment?
2. How much zakaat needs to be paid on a bee hive, which has been bought as an investment?
3. Is a solar panel, which has been bought as a form of a money making investment, a zakaatable item - and if so: how do I calculate Zakaat on it?
4. How much zakaat needs to be paid on a business venture which entails investing in a cattle feedlot? The money invested goes into purchasing cattle and providing feed for the cattle for 4 months and then selling them off. Investors do not own specific cattle but buy a share of the total cattle.
Q: A person bought 250 grams of gold in Dec 2016 and was unable to pay zakaat during the last 4 years. Now he wants to make up for the missed zakaat.
The question is, should he calculate the due zakaat of all 4 years on the current gold rates? Or should he calculate 2017 zakaat on 2017 gold rate, 2018 zakat on 2018 gold rate and so on?
Q: I have a question on zakat.
I was supposed to give my zakat this year Ramadan 2020 But till August I have not paid my zakat on gold jewellery of my wife, as I am paying on her behalf. The other zakat on my bank balace I have paid.
Now my questions are:
1. The value of gold in April 2020 in Ramadan in which I calculated my zakat every year was farz, and at that time the value of gold in India was less and not due to lock down or other reason the value of gold has shot up very high. So will I weigh the gold jewellery and pay zakat on the total value of gold 2.5% in the new rate of gold which is in August 2020 or will I have to pay zakat 2.5% on the rate of gold which was in April 2020 in Ramadan this year.
2. Will my wife be liable to pay zakat or I can pay on her behalf from my bank balace?
3. I had some gold jewelley which I purchased few years back and I purchased some jewellery in August 2020 when I married. Now my zakat date every lunar year is on 27 Ramadan. So this year 2020 Ramadan was in April-May 2020. So the jewellery which I purchased in August 2019 last year has not completed 1 (one) complete lunar year so will I calculate my zakat on the particular jewelley or will I calculate after August 2020 as it will complete full one lunar year. But my zakat date is in Ramadan, either I have to take out the zakat on full jewellwey this year 2020. Or I have to pay my the zakat on the particular jewellery which I purchased in 2019 the following year i.e. 2021 in Ramadan. But then it will be over one year for this particular jewelley which I purchased in August 2019. What should I do?
4. Some gold jewelley is of 21 carat and some are of 24 carat so will I have to pay zakat on their differnt value or I have to just weigh it all as one and pay the zakat 2.5% on the total gold jewellery?
5. How would I know that zakat has become farz or wajib upon me? How much money in Rupees do I have to have so that I become saahib e nisaab. Whether it is 20,000/- or 50,000/- or what amount? What is the mark? I am asking the nisab in relation to indian money in Rupees. Not the value of gold or silver as I heard that if one has 612.36 gm of silver or 87.48 gm of gold one is called saahib e nisaab. Suppose I have cash in bank Rs 30,000/- (thirty thousand) - indian money and I have gold jewelley a small ring, a nose pin small, and a silver anklet so now how do I know that I am a saahib e nisaab. As I do not have 612.gm of silver nor do I have 87.48 gm of gold. How do I calculate zakat on this. It is very confusing.
Q: I am not a zakaat deserving person but I cannot afford an expensive dialysis treatment. Can I take this treatment from a trust hospital being run on zakaat?
Q: Zaid and Ahmad are partners in a business. Zaid wishes to sell his share to his partner for R10 million. The payment terms agreed upon are that half the amount will be paid cash and the other half will be paid AFTER 48 months in 12 equal monthly installments. In other words, for the first 48 months there will be no installment paid. The question refers to the zakaat obligation during this time. Is Zaid liable to pay zakat on the R5 million owing to him during these 48 months?