If one owns 40% of shares in a company

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Ref no: 0390# Date: Thursday, September 29, 2011   Category Zakaat Title   If one owns 40% of shares in a company   Question   If one owns 40% of shares in a company, then how is Zakaat calculated on his share?   Answer   Muhtaram / Muhtaramah   In the Name of Allāh, the Most Gracious, the … [Read more...]

I have gold and silver jewellery to the value of R12,000

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Ref no: 0389# Date: Thursday, September 29, 2011   Category Zakaat Title   I have gold and silver jewellery to the value of R12,000   Question   I have gold and silver jewellery to the value of R12,000 and a liability of R28,000. Do I have to pay Zakaat on the gold and silver … [Read more...]

I wanted to know if my parents are zakat eligible

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Ref no: 0361# Date: Saturday, September 24, 2011   Category Zakaat Title   I wanted to know if my parents are zakat eligible   Question         I wanted to know if my parents are zakat eligible.  They have a shared account where the amount is below the nisab amount.  My mom has some jewelry, … [Read more...]

Can I take this amount of R 5000 as part of my zakaat payment?

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0365# Date: Sunday, September 18, 2011   Category Zakaat Title   Can I take this amount of R 5000 as part of my zakaat payment?   Question     Respected Mufti Saheb   Please advise me on the ffg:   1. About 2 years ago, I lent a brother R 5000 for use in his business which he told me he will … [Read more...]

I want to spend zakat amount towards education expense

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Ref no: 0259# Date: Thursday, July 28, 2011 Category Zakaat Title I want to spend zakat amount towards education expense Question I want to spend zakat amout towards education expenese to my niece (sister's daughter). My brother in law's financial position to the best of my knowlegde is as follows : My brother in law has : one house of their own inherited from his father. One shop which … [Read more...]

My husband cannot afford

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Ref no: 0240# Date: Wednesday, June 15, 2011 Category Zakaat Title   My husband cannot afford Question At marriage my husband had given me two coins( one ounce each) as my mahr. Two years after he had asked me to give one coin as a wedding gift to his sister. He did promise to buy a gold coin when he had the money. I did say to my husband after sometime that he does not have to return the gold coin any … [Read more...]