How did the Al Qalam panel decide the limit given to National Zakat Foundation caseworkers?

Q: How did the Al-Qalam Shariah Panel decide the limit (10%) that is given to caseworkers, who are involved with administering Zakat according to the National Zakat Foundation? A:  الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب The limit of 10% is a not a shar’i limit. Rather, it is intended to ensure that zakat funds are […]

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Do I have to pay zakah on money held for a minor?

Q: I gifted my son £1,000 and hold this in an account in my son’s name. However prior to his 18th birthday he is not able to access that money without my consent. In this instance is he liable for zakāh? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: This would be considered […]

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Is it permissible to take a business loan which requires payment of an insurance premium?

Hawkesbay Investment Corporation Limited The business is in conformity with standards and in line with normal  corporate ethics. Based on the loans agreement   drafted by our client and we guarantee that our client will only enter into a legitimate  business transaction as proposed with the funds. Legal & General Insurance  company  hereby  guarantee the safety […]

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Is zakat payable on rental income as well as on the share of property that is owned?

Q: 1 Can you please confirm that zakat is payable on rental income as well as the share of property that is owned. For example, if the annual rental income is £15,000 and the annual mortgage payment is £12,000, is zakat due on the difference (£3000 in this example) if the person hasn’t spent any money from rental […]

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Is there zakat on the funds held by my sport club?

Q: A sport club  earns their money through main sponsors (businesses), local individuals, membership fees, selling member kits, match day fees, selling sandwiches/tea/coffee etc. The club has expenses including league fees, league fines, league dinner, purchase of member kits and printing sponsor names, fuel, insurance, umpire fees, scorer fees, purchase of tea/coffee etc, match balls, […]

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