Zakaat and Charity
Q. What is considered as receivables for Zakah purposes? Is there Zakah on monies owed to me through loans and other receivables?
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Q: If you invest in unit trusts property investment do you pay Zakaat on total investment or profits?
Q: . Can a Step Mother give Zakaah to her step daughter & the other way around also?
Q: On the issue of begging I would like to know whether it is compulsory to give to every beggar that comes to your car or home if you are in possession of extra monies? Eg: does it matter if you can see the person is on drugs or is drunk or is well dressed etc.
Q: There are a few people who owe me money for loans they have taken and stock purchased etc. Should I regard these amounts as Zakatable assets when calculating Zakah?
Zakah is Fardh (compulsory) upon every sane adult Muslim (male and female) who possesses net-Zakatable assets (i.e. Zakatable assets over and above one's basic needs minus liabilities) to the value of Nisab (minimum threshold) for one's Zakatable (lunar) year.
Q: When I got married I was gifted lots of gold jewellery. However, I do not have an income, hence cannot afford Zakaat. What do I do? Do I sell the jewellery? My husband cannot afford to pay Zakaat as well.
Q: I am somewhat perplexed by the determination of Zakat. Particularly the holding period for an investment or cash asset.
Q. Can we give zakat or fitra to non-Muslims who are needy?
Q: Is it permissible to discharge Zakaat on one’s Zakaatable wealth before the expiry of one complete lunar year?
