- Prayers & Duties >> Zakat & Charity
- Total Questions : 496
- Q. 1:
I took one Unit linked Insurance plan (ULIP) to save tax on my salary.
To best of my knowledge, Benefits (money wise) are not sure may go up or down but asal (return of principal invested amount is sure.
For initial 3 years I am bound to pay and cannot with draw.
After 3 year I am free to with draw my money with some charges, else I can continue for 17 years to get additional benefits.
As per my instructions all my money is invested in equity, type of equity not known whether Halal or Haram.
My Questions are:
Should I pay zakat on such type of Investment /savings if yes ,wheather on whole amount or only on principal
Is this kind of transaction ULIP (Unit link Insurance plan) is Halal or not .
Question 2:
My salary is Rs.1,50,000 per month and at the end of the year my savings are only less than Rs. 20,000/.
My maximum savings reached at Rs. 5,00,000/ and due to my sister operation all of the money was spend.
Please let me know should I pay Zakat at the end of the year.
Also let me know what should be the calculation method for salaried person
Should I wait to complete one year for nisab to mature or on reaching nisab I should pay the zakat.
2655 views
- Q. Son in law of my elder brother is very serious ill having some genetical disease he lost his job having no source of income my brother is giving best support for treatment, food and etc. but treatment is very costly can my brother use ZAKAT for this .
1000 views
- Q. I am working in the Netherlands and would like to request you to kindly guide me for following question.
I along with some of family members would like to start a student welfare fund from Zakat money. Where we are planning to collect our zakat money in a separate account and give to different deserving students (orphans etc.) for higher studies. But this will be a soft loan without any interest, service charges or time limitations. When candidate will start job, he has to return with 10 % of his salary. This returning money will be used for further students. In this case once money is gone from our pocket as for zakat, it will never come back but will be in circle for deserving students.
Please let me know the Islamic value of above mentioned process. Is it allowed to do like this or not?
Thank you very much in advance for your kind guidance.
1056 views
- Q. My question is about Zakat. I pay zakat ever year and like to pick one or two families who can benefit the most from it. However, as it happens, the zakat fulfills their temporary needs. They spend money quickly and are again in need (for example widows, children, etc). Many do not know how to make good use of money (to start a small business, open a shop, etc).
1. Can I invest the money (amount of annual zakat) on behalf of the needy and pay them the profit (they remain the owners of capital and can take it from me anytime)?
2. My father runs a trust. The trust makes investments in businesses and the profits are used for charity purposes. Can I pay my zakat to his trust? Can the trust invest my zakat and pay the profit in charity?
3. Can the trust open a separate account of investments for Zakat, invest it and help the needy and poor with the profits generated?
Would really appreciate your answers.
1169 views
- Q. I am staying in rented house paying rent of 11000 per month since its forbidded in islam to purchase house on loan and I donot have enough money so that i can purchase house without taking a loan.
I had purchased land(present value 9 lacs) 2 years back with the intention of selling it later for purchasing a flat for myself or build a house on that land in future or use it as my retirement savings.
1) Do i need to pay zakat on this land?
2) If answer to 1) is No, last year I kept aside zakat money for this land but not yet given it. Do i need to give that amount or keep it with me ?
1819 views
- Q. QUESTION OF ZAKAT : Please advise is it permitted to give Zakat money to the Muslim Parents of a Child with the intention that the money be used to make their child study in a school which along with the Deeneyat , Hifz ,etc also teaches English and other related subjects of CBSE course .
1123 views
- Q. I have a wife and 2 children, i have not my own house and residing in my uncle's house without paying rent, I have one plot which was bought for Rs.200000 to build a house on it with the money of myself and my wife's of rs.45000 and 155000 respectively I have not enough money to build house on it, my other property is 5.25 tola gold of my wife which was given to her by my father at the time of our marriage, my bank balance is rs 50000 and bank bal. of my kids rs 50000. the market value of the plot is rs.300000, whether zakat is furz for me or my family and how much to pay every year and whether qurbani is wazib for me,my daughter is 6 years and son is 3 years old.
1206 views
- Q. I am salery employed.my annual salery 4laks indian rupees. i am the only person who ern.i am taking care of my mother,brother,and sister.please tell me.zakat will be wazib on full salery or on the saving after deduction the all expendeture of one year.i will be highly obliged to you.
1311 views
- Q. i would like to like to enquire the system of paying zakah, i am a partner in my family bussines,so i own capital in the firm which is used for paying liabilities,labour payment,agriculture land for which i pay the zakah in the means of wheat and rice to the needy,i also have gold 280 gms,i want to buy some gold for my daughters so zakah is to be paid by me in this or not,i have bank balance,L.I.C. and P.P.F. in my name so please reply to my answer on how to calculate the zakah and pay it, i have asked this question earlier so please reply to my question as i am eagerly waiting for the reply.
1168 views
- Q. I have 65,000/- salary per month aslo I have some home and personal loan. every month I spend 25000/- on home loan, 20,000/- on personal loan and home expenses about 10,000/-
Rightnow I dont have have Gold, Silver and bank balance. So Am I eligible for ZAKAT.
Please advice me and let me know how much amout should I zakat.
I am waiting for you reply.
2107 views
- Q. My questions are related to Zaqaat :-
1. We have a house which we are not using. We are living in another house in a different city. We are not using the first house for any profit or income as well. Is zaqat payable on that house.
2. We have some amount in bank for our sister\'s marriage. It is more than years time that the amount is there and not used. Is Zaqaat payable on that amount.
3. There is some amount which is there in another bank account which is not used for more than an year, should we pay zaqaat on that amount.
4. We have a cousin whose mother passed away few years back. He is a Miskeen. His father too is not with him though the father is alive but is married to another woman and has his second family and doesn\'t look after our cousin. My cousin is 45 years old. His income is not that much. He says that he has his own house. He is in job but doesn\'t earn that much. CAN WE PAY ZAQAAT AMOUNT TO HIM. We recently gave zaqaat money to him after consulting him, in the month of Ramzaan. Is he eligible to receive zaqaat.
1283 views
- Q. My question is reagrding zakat, is it mandatory to pay zakat to the needy ones immediately after completion of one year or i may keep this amount seprately, other than the saving and give it to the needy persons after some times. In fact i am asking this question in the regard that i have few yateem girl cousins who are suppose to get married after 2-3 yrs.can i save my zakat annually and will give that toatal amount to them at the time of there marriage so that those yateems can get better rishta and there marriage gets easy, ishallah.
1474 views
- Q. My wife has 240 grams of gold jewellery which she got it as gift from her mother at the time of marriage. We got married in Oct 2009. All of the jewellery is now being used by my wife on daily basis. Is zakat applicable for the jewellery she is using. To whom all zakat can be given, can the zakat amount be given to mosque for maintenance or as Ramzan chanda. Please advise and give a clear picture on this. When i search internet, I saw articles that jewellery used on daily basis is exempted from zakat. Also my wife is pregnant carriying 4 months, should be keep fasting. Doctor advised not to do so.
1837 views
- Q. We are staying in a Rented House. 1. We have one own house which has been given for lease for three years which we wont get any rent for the next three years. We bought another house with the intention of staying there. Now we want to sell that and buy a new one for our staying. Is zakak is applicable on the houses? 2. I am having Mutual Funds of about 150000. I am paying loan of 200000 every year. I dont have any cash in my hand. Do I need to pay zakat for Mutual Funds?
2313 views
- Q. I hae a question regarding payment of zakah,i.e. rate of zakah,we own a business in partnership,so we have capital which is used permanently in payment of liability,i own farm land and pay the zakah on crop,so i hae to pay on land cost or not,i have bank balance, gold ornaments,life insurance policy,public provident fund deposit, and mutual fund in the name of minor girls, please clarify every thing in detail,
1126 views
- Q. I HAVE SMALL FAMILY 2 SON (9,4) AND WIFE.FROM LAST ONE YEAR I HAVE ONE LAKH RS AND MY WIFE SPEND 4.6(4 TOLE 6 GRAM) GOLD.I DOING A JOB IN A USED 2/4 WHEELER COMPANY.I USING SAID ONE LAKH RS IN PERSONAL BUSINESS.WHAT ZAKATH IS COMPULSORY ON ME. PLEASE ASSIST ME..
990 views
- Q. This is regarding 'ZAKAT'.I want to know that in our relatives who are entitled to receive zakat and who are not from a man a women. please enlighten me through QURAN and HADIS.
1276 views
- Q. My questions are in relation to Zakat: a) Zakat: 2.5% of the total net assets (assets - liabilities). b) Zakat is not applicable on the house under residence. c) Similarly, PF contribution to the extent of contributed by the employer is not subject to Zakat now but will be applicable once received. Please confirm. d) How about car under family use? Will Zakat be applicable on car under use? e) What about plots / shop / office bought for the purpose of investment and not for business? f) It is my understanding that investment in shares / mutual funds is subject to Zakat at the market value. Please confirm.
2917 views
- Q. My fatherinlaw is retired 5 years back, he doesnot have regular income but only has a house where he is currently living. Currently his health also is not keeping good. My inlaws are in need of money for his treatment.
My question is can we give zakath to Spouse parents?
Awaiting your answer as soon as possible.
1172 views
- Q. i want to know whether i can pay zakaat every month i.e i calculate last years zakaath and i give the amount every month in part payment the following year is it allowed also i want to know whether i can give zakaath money to my wife's sister who is a divorcee she is supported by her parents, she has a girl child , can i pay zakaath in the name of that child?
1324 views