Zakaat

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: Is zakaat fardh upon life insurance which matures after the death of the policy holder?

Q: If a person purchases raw material with the intention of manufacturing products to be sold, then will zakaat be fardh on such raw material?

Q: Is zakaat fardh upon the medication which the doctor administers to his patients or dispenses to them?

Q: I own a textile mill. I first import the yarn from which the material is manufactured. I supply certain companies material at the manufacturing cost plus ten percent profit. I also wholesale fabric at the wholesale price which is approximately my cost plus twenty percent. I am also a retailer and supply the public at the retail price. When calculating my zakaat, which market am I obligated to take into consideration? Should I evaluate my wealth in accordance to the retailer’s market, wholesaler’s market, or the manufacturer’s market?

Q: Is zakaat fardh on shares? If yes, then how will it be calculated?

Q: Is zakaat fardh on properties, flats, etc?

Q: Will zakaat be discharged by offsetting a debt with the intention of zakaat?

Q: Is it permissible to build masaajid with zakaat funds?