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Ruling on selling gem-studded gold jewelry
My question is regarding the zakat on gold ornaments. I am aware of its calculations etc but I want to clarify whether zakat is due on stone ornaments - both on ornaments that have precious stones like pearls, diamonds, coral etc or on imitation stones like the American diamond, imitation pearls etc. When we go to the jeweller to sell our old ornaments.. More
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Paying Zakah on rented gold
I have handed over a certain quantity of gold to a jeweller friend who in turn pays me rental value of my gold stock price of a masha (less than a gram) against one tola (12 grams) on monthly basis. The amount earned from there is being spent on my children education. Is zakat due on earned amount or to be paid on complete gold deposit. .. More
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A decrease in the value of currency does not change the ruling of zakat
I have been hoarding foreign currencies for a year. However, its current value decreased from that of the time it was purchased so how should its zakat be paid?.. More
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Paying Zakah on deposited money whose owner gifted it to the person with whom it was deposited
Six years ago, my father gave me a sum of money equivalent to fifty-thousand Saudi Riyals and, after two years, I told him in a phone call that I wanted to pay Zakaah on this money. My father said that this money was a trust and that I did not have the right to pay Zakaah on it. Three years later, my father said that the money he deposited with me is.. More
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Clarification of paying zakat on diamonds
Is it obligatory to pay zakat for the acquisition of diamonds? .. More
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Paying zakat according to the value of manufactured gold
Are we to estimate zakat as 2.5% for manufactured gold in addition to manufacturing fees or just according to the standard value of gold? .. More
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Zakat on inherited money
My father died two years ago and left us a sum of money in his bank account and it has reached the due Nisaab of zakat, but, thus far, the inheritance has not yet been distributed among the heirs. Please note that none of the heirs has his share at his disposal. What is the ruling on the zakat of this money?.. More
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Is Zakah obligatory on gained money during the Hawl?
I have a sum of money in my bank account and I pay the due Zakaah every year at its due time. I deposited another sum of money in my bank account six months after the due time of paying the Zakaah (i.e. the Hawl). After another year, the main capital will be eligible for Zakaah, but the due time for paying Zakaah for the newly added money will only.. More
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Zakah on a gift of gold for wife and minor children
Can a Father buy a gold 1. For his 3 years old son around 60 gms, thinking that he will use this gold on his education when he grows up. 2. For his 5 years old daughter around 60 gms, thinking that he will use this gold during daughter marriage. 3. For his wife around 80 gms of gold only. Does the father has to pay Zakat on any of the three above ??.. More
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Intending to sell jewelry meant for adornment at the time of need
The Fatwas regarding the Zakaah of jewelry are clear, especially Fatwa No. 89060 where you explained the ruling of jewelry to be worn and that to be saved. However, I would like to clarify that all the women here own jewelry for the purpose of wearing it without completely dismissing the intention of saving any of it. In other words, it is kept as the.. More
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Is Zakah due on jewelry based on its weight or value?
Is the Zakaah of gold and silver in the form of jewelry to be estimated based on its value or weight? What is the difference between the two cases?
.. More
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The fees for transferring the money of Zakah is not counted as Zakah
Are the fees for transferring money via Western Union counted as part of Zakaah money? For example, if I have to pay 215 Euros as Zakaah, I send 100 of it to a person in my country and the rest of the amount to someone else via Western Union. This person will receive only 100 Euros because the transfer fee for this amount is 15 Euros. In such a case,.. More
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She intends to sell her jewelry to perform Hajj
I read your Fatwa on the ruling of Zakaah on gold that is intended for adornment or savings. I want to know the ruling of jewelry owned by my wife which she uses for adornment noting that it exceeds the Nisaab. However, I once heard her say that if Allaah The Almighty Would Facilitate for her to gain some money, even a small amount, she would sell her.. More
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How to give Zakah on one's salary
My monthly salary reaches the minimum Zakatable amount every two months. How should I give Zakaah on it? Should I give Zakaah on each amount after it witnesses the elapse of one lunar year, which means I will pay Zakaah every two months? May the Hawl (elapse of a year) be calculated according to the solar year? Is Zakaah still due on the amount of money.. More
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Zakah of indebted person who saves money
I save an amount of money annually for the expenses of my children's education; it increases accumulatively with each passing year. Do I have to pay Zakaah on this money? Kindly note that I am in debt... More
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