Q: Can I write a Will that is clearly against Islamic principles I have read the Will guide that was sent by 1st Ethical trust. I have a some family members who need my help in writing a will as I am a professional Will Writer. However if someone , who is a Muslim, does […]
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Do I have to pay zakah on shares held for me by a nominee?
Q: Do I have to pay zakāh on shares held for me by a nominee on trust? For e.g. I purchase shares in my own name via TD Waterhouse who hold legal title on a nominee basis. This means they are shown on the company register as the legal owners of the shares. However they […]
Read more...Is zakah payable on the value of on account payments for a person who has an Islamic Home Purchase Plans?
Q: Is zakāh payable on the value of on account payments for a person who has an Islamic Home Purchase Plans? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: Ownership of the on account payments, both under the Ijarah home purchase plan and the Diminishing Musharakah home purchase plan, remains vested in the […]
Read more...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 […]
Read more...If I own land in a foreign country on which a house is currently being built which will be rented out, is there any Zakat to be paid currently?
Q: If I own land in a foreign country on which a house is currently being built which will be rented out, is there any Zakat to be paid currently? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: There is no Zakat payable on the land.
Read more...Is it necessary for Zakat to be allocated and spent within 1 year of receiving the donation?
Q: What is the time-period for dispensing Zakat? Is it necessary for Zakat to be allocated and spent within 1 year of receiving the donation? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Zakat should be distributed as soon as possible. If there are procedural delays in the PROPER discharge of zakat which includes proprietary […]
Read more...For zakat purposes, how might we interpret ‘fi sabeelillah’ in the modern context?
Q: How might we interpret fi sabeelillah in the modern context? Could this include campaigning or advocacy activities – for example, raising awareness about Islamic teachings on poverty issues, dispelling misperceptions about Islam, speaking out on international justice issues etc. الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Whilst the literal meaning of fi sabilillah […]
Read more...How can I subtract oustanding debts from my zakatable assets when the exact amount is unknown?
Q: I would like to find out what I should do in a situation where in I owe money to a few organisations but I don’t know how much as I owe this money was due years ago, do I take a rough calculation and subtract it from the nisab? الجواب حامدا ومصليا ومسلما ومنه […]
Read more...Is the debtor considered poor, and thus eligible to Zakāt funds?
Q: Is the debtor considered poor, and thus eligible to Zakāt funds? الجواب حامدا ومصليا ومنه الصدق والصواب A: If the individual’s non-essential items do not cover the qualifying debts or do not reach the nisāb after covering qualifying debts then that person is considered poor and is eligible to receive zakāt. It […]
Read more...Q: Is the responsibility of Zakat a strictly individual responsibility or can it be joint say in the case of husbands and wives?
Q: Is the responsibility of Zakat a strictly individual responsibility or can it be joint say in the case of husbands and wives? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Zakat is strictly a personal obligation. Even in jointly owned wealth the obligation of zakat remains personal. Thus, if a husband and […]
Read more...What is the Shari’ah position with regards to zakah on Diminishing Musharaka home purchase plans?
Q: What is the Shari’ah position with regards to zakāh on Diminishing Musharaka home purchase plans? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: Under the Diminishing Musharakah home purchase plan, the client again incurs a debt only to the extent of the outstanding monthly rental payments subsequent to his use of the […]
Read more...Please explain which descendants of the Holy Prophet Muhammad are not allowed to receive zakah?
Q: Please explain which descendants of the Holy Prophet Muhammad (s)are not allowed to receive zakāh? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: It is actually not the descendants of the Holy Prophet Muhammad (s)that are prohibited from receiving Zakat but rather certain descendents of Banu Hashim of whom the Holy Prophet […]
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