From the Fatwa Department
Q. How is Zakah calculated on shares/unit trusts and partnerships?
Q. What are the conditions for the validity of discharging Zakah?
Q. Can Zakah be given to someone else to discharge on one’s behalf ?
Q. What value should be considered when calculating stock in trade?
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Q. Is Zakah compulsory on gold and silver that is for personal use?
Q. How does one calculate Zakah and does assets have to be in one’s possession for a complete year?
Q. What is considered as receivables for Zakah purposes? Is there Zakah on monies owed to me through loans and other receivables?
Q: Is there any specific Ibadah (act of worship) to be carried out on the night of 15th Sha’ban?
