Question:
A person who buys a share at a low price with the intention to sell at higher price in the future. In this situation does zakat become obligatory on the value of the share or on the profit gained?
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Question:
Is zakat payable on halal and haram income mixed? If so, how do you determine between the two?
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Question:
If one has a small business to make a living but does not have enough cash, does he have to pay zakat from the business stock?
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Question:
One has made an agreement to purchase a house, also ready to pay deposit, but due to Covid19 the process is still on hold and payment of deposit yet to be made. He intends to spend this money on deposit, does he have to pay zakat on this?
Continue reading “Is there zakat on the deposit due for purchase of a house?”
Question:
If someone has taken a lot of stock from his supplier but hasn’t paid for it. He sells as much of the stock as he can and gives back the rest to the supplier. And then pays for the stock that he managed to sell. What is zakaatable in this scenario?
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Question:
If one overspends on extra things, for example brand new phone, laptop, car etc. (Not gold silver). As a result of which they don’t have enough money now, neither gold or silver. Would they be eligible to recieve Zakaah?
Continue reading “Ruling on giving zakat to someone who has belongings but no cash”
Question
Can we give Zakat and Sadaqatul Fitr to Syeds?
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Question
Can I give zakat to a poor Muslim woman, whose husband is rich, but does not provide her with any more than what is necessary?
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