Answered by Mawlana Ilyas Patel Question Can we deduct expected expenses, such as the cost of building a house, which will occur next month, from the zakat and zakat is due this month? Answer In the Name of Allah, the Most Merciful and Compassionate. I pray you are in good faith and health. Thank you […]

Answered by Shaykh Muhammad Carr Question My friend and I co-own a business, with each of us holding a 50/50 share. A year ago, the total value of our inventory exceeded twice the Nisab. However, neither of us individually owns wealth equal to the Nisab, except for our share in the inventory. Is Zakat due on […]

Answered by Mawlana Ilyas Patel Question How do I calculate Zakat on inventory and receivables in my home business? Should I use the selling price or the cost price for unsold inventory? Are unpaid shipped customer orders zakatable on my zakat date? If goods arrive two days before my zakat anniversary, must I include them? […]

Answered by Shaykh Muhammad Carr Question  I understand that zakat is due on both the invested capital and any accrued profit in fixed-return investments structured under Murabaha. For example, if I invest £10,000 in a Murabaha agreement that yields a fixed profit of £3,000 over three years, my total return will be £13,000. The profit […]