Browse one of the world's largest database of Islamic finance Q&As available online.
Search Results
Timing For Payment Of Zakat
One must pay zakat as soon as it becomes due (or, optionally, before) assuming the conditions exist, namely that at least one of the eight...
One must pay zakat as soon as it becomes due (or, optionally, before) assuming the conditions exist, namely that at least one of the eight...
Zakat On Tradable Goods
Zakat is due on anything purchased with the intention of reselling the item (e.g. business inventory, real estate, car, clothing), regardless of...
Zakat is due on anything purchased with the intention of reselling the item (e.g. business inventory, real estate, car, clothing), regardless of...
Zakat On Tradable Goods
Zakat is due on tradable goods one lunar year from the date the total inventory exceeds the nisab minimum, even if individual items within this...
Zakat is due on tradable goods one lunar year from the date the total inventory exceeds the nisab minimum, even if individual items within this...
Assessing Value Of Non-Cash Zakatable Items
Non-cash zakatable items for which it is decided that cash will be paid should have their market value assessed on the valuation date, not before...
Non-cash zakatable items for which it is decided that cash will be paid should have their market value assessed on the valuation date, not before...
Valuation In Case Of Advance Payment Of Zakat
If zakat is paid in advance, the payer must still ascertain on the valuation date that his zakatable property, and therefore his zakat obligation,...
If zakat is paid in advance, the payer must still ascertain on the valuation date that his zakatable property, and therefore his zakat obligation,...
Zakat As Gift
Zakat may be paid in the guise of a gift rather than as an ostensible zakat payment.
Zakat may be paid in the guise of a gift rather than as an ostensible zakat payment.
Zakat Al-Fitr To Prophetic Household
Members of the Prophet’s Family (Allah bless them and give them peace) and their descendants may not receive zakat al-?tr, even as remuneration...
Members of the Prophet’s Family (Allah bless them and give them peace) and their descendants may not receive zakat al-?tr, even as remuneration...
Zakat On Business In Debt
There is no zakat on a business that is in debt. You will have to pay zakat at the time the business is out of debt.
There is no zakat on a business that is in debt. You will have to pay zakat at the time the business is out of debt.
Zakat-Deduction On Taxable Income
It is permissible to deduct zakat from one’s taxable income as one would a charitable donation when preparing a tax fling.
It is permissible to deduct zakat from one’s taxable income as one would a charitable donation when preparing a tax fling.
Appropriate Time To Pay Zakat Al-Fitr
It is permissible to pay zakat al-?tr anytime during Ramadan and the ‘Eid day, though impermissible after the ‘Eid day sunset, though no less...
It is permissible to pay zakat al-?tr anytime during Ramadan and the ‘Eid day, though impermissible after the ‘Eid day sunset, though no less...
Disclaimer: Although care has been taken in preparing the information contained in this Q&A database, Ethica Institute of Islamic Finance cannot guarantee the accuracy thereof. Anyone using the information does so at their own risk and shall be deemed to indemnify Ethica Institute of Islamic Finance from any and all injury or damage arising from such use. One should double check with a qualified scholar to see whether the Q&A applies to one's particular situation.
ASK AN ISLAMIC FINANCE QUESTION
Each question is reviewed by an Islamic finance expert and approved by a scholar.
