FILED UNDER: ANS General Counsel, ANS Hanafi Fiqh, ANS Zakat, ANS Zakat, ANS-General, ANSWERS (Parent of ANS blog)
TAGGED WITH:: inheritance, zakah
/by Yousuf PatelShaykh Abdurrahim Reasat answers a question related to the payment of Zakat on foreign property (according to the Hanafi school of thought). Question: Assalamu alaikum wa rahmatullahi wa barakatahuh Hope you are well. I have a question re. zakat. My family has put a property abroad under my name – presumably to avoid problems […]
FILED UNDER: ANS Hanafi Fiqh, ANS Zakat, ANS-General
TAGGED WITH:: zakat
/by YusufUstadh Tabraze Azam is asked how to calculate zakat on advance rent. My zakat will be due soon. In the following situation would you please kindly inform me on whether I would pay zakat on the full rent and deposit or not? I renewed my tenancy last week for another six months and, as before, […]
FILED UNDER: ANS Hanafi Fiqh, ANS Zakat
TAGGED WITH:: trade goods
/by sufyanAnswered by Ustadh Tabraze Azam Question: Assalam alaykum If I buy 1000 pieces of trade goods for 1€ each, do I have to pay zakat on the market value? Let’s say the sales price is 7€. Does it mean that I have to pay zakat on 7000€ ? How should I count the sales tax […]
FILED UNDER: ANS Hanafi Fiqh, ANS Zakat
TAGGED WITH:: investment
/by sufyanAnswered by Shaykh Umer Mian Question: Assalamu alaykum I have a certain amount of cash that I have given to my friend to invest in his business, I had that amount for a year with me and then transferred it to him to invest. Does this wealth require zakat to be paid? And currently, I […]
FILED UNDER: ANS Hanafi Fiqh, ANS Zakat
TAGGED WITH:: loans
/by sufyanAnswered by Ustadh Tabraze Azam Question: Assalam alaykum I needed money, and one of my relatives helped me out. He is happy to get the money back (if I can ever repay), and he is happy if I don’t repay. Is zakat calculated on this? It is a confusing matter as I’m not financially well […]
FILED UNDER: ANS Zakat, Scholars, Support
TAGGED WITH:: Imam Zaid Shakir, islam, islamic scholars fund, zakat
/by YusufAssalamu Alaikum wa Rahmatullah wa Barakatuh, Dear Brothers and Sisters, this is Imam Zaid Shakir, and I’m here to encourage all of you to support the SeekersGuidance Islamic Scholars Fund. The Islamic Scholars Fund helps support students and scholars from all over the world and from every corner of the Ummah. Many scholars that have […]
FILED UNDER: ANS Hanafi Fiqh, ANS Zakat
TAGGED WITH:: paying zakat
/by sufyanAnswered by Ustadh Tabraze Azam Question: Assalam alaykum Should me and my child pay our zakat separately? Or can we pay it together? Answer: Assalamu alaikum wa rahmatullah, Zakat is a personally obligatory duty. Hence, the basis is that each person would make their own payments. However, it is possible for you to pay zakat […]
FILED UNDER: ANS Hanafi Fiqh, ANS Zakat
TAGGED WITH:: rental income
/by sufyanAnswered by Ustadh Tabraze Azam Question: Assalam alaykum If one has a rental property, the zakat due at the end of the lunar year is on the rental income, not the property value or original capital. What if the monthly or quarterly rental income is totally spent before a full lunar year ends? Answer: Wa […]
FILED UNDER: ANS Hanafi Fiqh, ANS Zakat
TAGGED WITH:: house
/by sufyanAnswered by Ustadh Tabraze Azam Question: Assalam alaykum My brother and I inherited our parents house after their death. We plan to sell it as soon as we get a suitable offer for it. It may take some years due to formalities. It is unoccupied as it cannot be rented out. Do we have to […]
FILED UNDER: ANS Zakat, Article-General, Charity, Community Building, Knowledge Without Barriers
TAGGED WITH:: charity, islamic scholars fund, Knowledge, zakat
/by ErinEach month, SeekersHub Global financially supports scholars and students of knowledge in dire need. We need $70,000 every month to make sure our Islamic Scholars Fund can continue to assist them. Help us help them by giving generously, now. DONATE You can trust that your donation to the Islamic Scholars Fund is 100% Zakat-eligible and tax-deductible […]
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