Browse one of the world's largest database of Islamic finance Q&As available online.
Search Results
Zakat On Gifts
Zakat is due on qualifying property that has been received as a gift and been in possession for at least one lunar year.
Zakat is due on qualifying property that has been received as a gift and been in possession for at least one lunar year.
Zakat On Hobby Items
Zakat is not due on hobby items, like collectibles, pets, and toys, until they are employed for trade.
Zakat is not due on hobby items, like collectibles, pets, and toys, until they are employed for trade.
Zakat Payment In Kind
Zakat may be paid in kind by taking the appropriate percentage from the zakatable good itself (e.g. 2.5 grams of gold paid for 100 grams of gold...
Zakat may be paid in kind by taking the appropriate percentage from the zakatable good itself (e.g. 2.5 grams of gold paid for 100 grams of gold...
Zakat To Charitable Institutions
Institutions such as hospitals, orphanages and charitable schools that serve needy zakat recipients may receive zakat, for which the entire zakat...
Institutions such as hospitals, orphanages and charitable schools that serve needy zakat recipients may receive zakat, for which the entire zakat...
Intention When Paying Zakat
Zakat payers must have an intention to pay zakat prior to its payment for it to be considered zakat, whether the intention is spoken, unspoken or...
Zakat payers must have an intention to pay zakat prior to its payment for it to be considered zakat, whether the intention is spoken, unspoken or...
Zakat is due on the returns that one receives from an investment.
Zakat On Disbursed Loans
Zakat is due on loans that have been disbursed where there is a reasonable expectation of receiving repayment.
Zakat is due on loans that have been disbursed where there is a reasonable expectation of receiving repayment.
Zakat On Waived Loans
Zakat is due on loans that are waived when the debtor is able to pay; the poor are due a share of the loan and waiving it unnecessarily amounts to...
Zakat is due on loans that are waived when the debtor is able to pay; the poor are due a share of the loan and waiving it unnecessarily amounts to...
Zakat On Unrecoverable Loans
Zakat is not due on loans disbursed when there is no reasonable expectation of repayment; if the loan is ever repaid, the creditor is obligated to...
Zakat is not due on loans disbursed when there is no reasonable expectation of repayment; if the loan is ever repaid, the creditor is obligated to...
Zakat On Means Of Production
Zakat is not due on an investment’s means of production (e.g. property, plant and equipment).
Zakat is not due on an investment’s means of production (e.g. property, plant and equipment).
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.