Category: Sadaqah
Posted in Fardh (Zakat)
Zakat on shares
Question: Zaid bought 15 shares in a company for a total of $5000. Whatever profit is made in the company it is distributed among the…
Posted in Fardh (Zakat)
Is there zakat on cash saved for necessities?
Author: Ibn Suleman Published Date: November 17, 2013 Leave a Comment on Is there zakat on cash saved for necessities?
Queston: A man has saved thousands of dollars. A year has also passed while owning it. However he does not have a house, furniture and…
Posted in Fardh (Zakat)
The selling price will be used when calculating zakat
Author: Ibn Suleman Published Date: November 17, 2013 Leave a Comment on The selling price will be used when calculating zakat
Question: At the time of calculating zakat on merchandise (like clothing etc.) will we use the cost price or the selling price? Answer: حامدا ومصليا ومسلما…
Posted in Fardh (Zakat)
Is there zakat on the ingredients used in a restaurant?
Author: Ibn Suleman Published Date: November 17, 2013 Leave a Comment on Is there zakat on the ingredients used in a restaurant?
Question: In the restaurant business there is always around $10,000 of raw material (ingredients) like flour, oil, sugar etc. in stock. This stock is also…
Posted in Fardh (Zakat)
Is there Zakat on security deposits?
Author: Ibn Suleman Published Date: November 17, 2013 Leave a Comment on Is there Zakat on security deposits?
Question: In Mumbai when renting a house there is a custom of taking a deposit with the rent. It is very difficult to get a…