Do I have to pay zakah on money that I have only had in my possession for 2 months?

Q: Do I have to pay zakāh on money that I have only had in my possession for 2 months? I am a retired government servant and receive a pension. Besides this, the only other source of my income is rent I receive from a house. I live in another house which I own. I […]

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Does Zakah need to be paid on maternity pay that may need returning?

Q: Does Zakah need to be paid on maternity pay that may need returning if one can’t go back to work and hence has been kept aside? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Once maternity pay is received the recipient becomes owner of the same.  As it is not a loan it will […]

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Do students have to pay zakah on money from a student loan, if they have it in their possession?

Q: Do students have to pay zakāh on money from a student loan, if they have it in their possession? For e.g. a person took out tuition fee loan and maintenance loan (not grant) which roughly comes to about £6000. From that, £3000 is automatically taken by the university i.e. tuition fee which leaves a […]

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If one has given their Zakah in advance for forthcoming years and on the anniversary realises this amount was above his actual Zakah total, can one consider this surplus amount to be a Zakah payment for subsequent years?

Q: If one has given their Zakah in advance for forthcoming years and on the anniversary realises this amount was above his actual Zakah total, can one consider this surplus amount to be a Zakah payment for subsequent years?   الجواب حامدا ومصليا ومنه الصدق والصواب A: If a person has donated their Zakah in advance either […]

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Is a person who has an Islamic Home Purchase Plan able to deduct any future rental installments due to the bank from their zakatable assets?

Q:Is a person who has an Islamic Home Purchase Plan able to deduct any future rental installments due to the bank from their zakatable assets? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: The client cannot deduct rental payments for future periods from his zakatable assets. Only those payments that have fallen due […]

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Can student loans be taken off as a liability for zakah purposes?

Q: Can student loans be taken off as a liability for zakāh purposes?  Is a Student Loan added to ones zakāh liability section as a whole in every zakāh year until it is paid off unlike most deferred payment loans such as mortgages, where only the coming 12 months instalments will be added in the […]

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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 Zakat liable on invoices not issued yet?

Q:  We have annual contracts signed in advance with our customers to provide service support for the year. Invoice is sent out each month. Is zakat liable on the months in advance, even though invoices have not been sent and service not provided yet? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب   A: There is […]

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Is Zakat payable on wealth not held in possession for the entire year?

Q: In the beginning of the year 2014 my husband and I were looking to purchase our first home.We are currently renting privately. I had about £50,000 savings. We both work full time and our salaries were going to contribute to the eventual purchase (as it takes about 12-16 weeks for completion and all monies […]

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