Q: Brochures were sent to our musjid from a reputable zakat foundation. It stipulated that we must pay zakat on money that was put into my insurance fund. Is this correct?
January 26, 2010
by Ml. Muhammed Shoayb
0 comments
Category Archives: Zakaat
January 9, 2010
by Ml. Muhammed Shoayb
0 comments
American eagle
Q: How do i calculate my zakat on an American eagle? A: Look up the current market value of the coin. This value can be found on the net, banks, etc. 2.5 % of its current market value would be … Continue reading
December 21, 2009
by Ml. Muhammed Shoayb
0 comments
installments … plot… zakat
Q: dear i got a land on installments. i paid a amount initially and remaining amount in quarterly installments. How i should calculate my zakat on it. it is plot. Time: Friday December 18, 2009 at 3:09 pm A: If … Continue reading
December 18, 2009
by Ml. Muhammed Shoayb
0 comments
Do I pay zakat on losses? or current value?
Q. I bought land in Dubai. It was worth 5 million US dollars. The current value of it is 3 million US. Do I pay zakat on losses? Current value? Some say…….. Answers: If you have purchased the property for … Continue reading
December 12, 2009
by Ml. Muhammed Shoayb
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401K
QUESTION: What is the consensus on 401K / IRA retirement accounts which are offered through employer benefits and we have the options to participate. Majority of the funds include financial institution. CATEGORY: RETIREMENT SUB CATEGORY: 401K / IRA Time: Thursday … Continue reading
September 19, 2009
by Ml. Muhammed Shoayb
3 Comments
I pay or you pay?
Q. Asalamualaikom Hope you are doing well inshallah… If I give a loan to a friend am i supposed to pay the zakat for that amount of money even though it is not in my possession? Jazakallah Khairan Time: Sunday September … Continue reading
September 11, 2009
by Ml. Muhammed Shoayb
0 comments
zakat. Yes or no?
Question: Assalamualaikum Shaik, I have one question on Zakat. Recently I have purchased some property. Do I need to give zakat on the property value? I have read in some islamic sites that we dont need to pay the zakat … Continue reading
September 6, 2009
by Ml. Muhammed Shoayb
3 Comments
sadaqatul-fitr
Assalamualaikum Shaik, Hope you find this post in good state of Iman and health. May Allah accept our fastings and make us sincere in our actions. I have some questions. InshaAllah, you may clarify them. 1) Is it ok to … Continue reading
April 30, 2009
by Ml. Muhammed Shoayb
0 comments
working man… rich lady
Question: man is poor, woman is wealthy. Is the man eligible to receive zakat from a welfare institution? Answer: He can accept Zakah from a welfare institution. (So long as his wife is not giving him the zakat from her … Continue reading
April 27, 2009
by Ml. Muhammed Shoayb
0 comments
Dead money
Q. Can we pay burial cost with zakat. Plese send us an answer fast. A. No. Allah Certainly Knows Best.