Zakaat on money loaned to people
Q: I have loaned some money to a relative and wanted to know while paying zakaat, do I have to include the loaned amount or only when I receive it?
Q: I have loaned some money to a relative and wanted to know while paying zakaat, do I have to include the loaned amount or only when I receive it?
Q: At work, I have got a lot of leave days due to me for the last two years of employment. The company has agreed to pay me out for these leave days. However I have not received payment for these leave days yet and now my zakaat payment for the past year is due. Do I include this amount in my zakaat calculation and pay zakaat on it or is zakaat due on it when I receive the money from my employer.
Q: Could interest and zakaat money be used to pay electricity account. We are poor and unable to pay our bills so we want to ask a bisinessman for intertest or zakaat.
Q: How is Zakaat calculated on shares in property investments, e.g. Al-Mabroor Property Investments etc. a) Is Zakaat payable on the entire investment amount or b) Is Zakaat payable only on the income received which one has in his possession when Zakaat is due?
Q:
1. can I give zakat in qest I mean I have to give 2500 zakat so can I give it 500 per month or I should give it all together.
2 And if I qaza of one year zakat, is it sinful?
3. If I give some money to another person as qarz, is zakaat farz on that money?
Q: Do I have to pay the Zakaat on rental income after taking away all expenses or I have to pay Zakaat on the purchase price of the house?
Q: When paying zakaat on unit trusts investments, does one pay on the original amount invested or the current value?
Q: Is zakaat payable on outstanding debts owed to a person in lieu of merchandise sold? If the debt is paid after few years, will zakaat have to be paid for the previous years?
Q: Is zakaat payable on outstanding debts owed to a person in lieu of services carried out e.g. accountant’s fees, lawyer’s fees, etc? Will one include these outstanding debts when calculating one's zakaat on one's zakaat date? If the wealth is paid after a few years, will zakaat have to be paid for the past years?
Q: My sister and the former husband abandoned three kids and are now cared for by my parents. They have grown and are on the brink of their teenage years. My parents who have cared for them have now almost retired. I help where I can but is not always able to help fully. I have zakaah due to be paid in the coming month. My questions are:
1. Can I pay zakaah to my parents to cover for their (nieces and nephew) needs?
2. If so, can I give all my zakaah to them or only a portion.