Zakat & Charity · Subtopic
Business Stock, Shares & Savings
278 fatawa from 8 South African Darul Iftas on Business Stock, Shares & Savings, part of Zakat & Charity. Newest first; every fatwa links to the page where its Darul Ifta published it.
Subtopics are grouped from each Darul Ifta’s own categories and the fatwa titles, so the count is approximate.
By Darul Ifta
Business Stock, Shares & Savings fatawa — page 3 of 7
- Ask Imaam17 Nov 2021
Can I pay my Zakah to a family member who is in debt?
Can I pay my Zakah to a family member who is in debt?
Mohammed - Mufti Online14 Oct 2021
Child giving gifts and sadaqah
My question is regarding children giving charity. From what I know, it is not permissible for them to give Sadaqah etc. from their own wealth. What…
Mufti Zakaria Makada - Azaadville12 Oct 2021
Zakaat On Investments
Is there Zakat for money given in an investment?
- Azaadville12 Aug 2021
Zakaat Calculation On Stock
When calculating Zakaat on stocks must i use the selling price and minus the expenses like transport and processing cost ?( eg goods came from…
- Jamiat KZN29 Jul 2021
Do I have to own an asset for a whole year before paying Zakaat?
Aslm. I am confused about something regarding my zakaat. Say for purpose of explanation, I receive R20 September 2017. I work out my yearly zakaat…
Mufti Moosa Salie - Azaadville15 Jul 2021
Zakaat On Money Indebted/Owed To You
My wife and her sisters together with her brother recently inherited shares in their late fathers business. The 4 sisters decided to sell their…
- Mufti Online25 May 2021
Paying zakaat for one's business when one has zakaatable wealth
I have taken over a running business in January of this year (2021). I am owing on this business for the next three years. With regards to zakaat,…
Mufti Ebrahim Salejee - Mufti Online19 Apr 2021
Deducting long terms debts in one's zakaat calculation
A person took a loan of R5 million from the bank which is payable over 10 years. R500 000 is payable every year of the principle debt as well as R50…
Mufti Ebrahim Salejee - Mufti Online18 Mar 2021
Offsetting a debt with the intention of zakaat
Someone owes me money, but a few years have passed and he is not returning it. Can I use that amount to discharge zakaat to him if he is eligible…
Mufti Zakaria Makada - Mufti Online17 Mar 2021
Using zakaat money to settle the debt of a deceased person
If a person wishes to settle the debts of a deceased individual by using his (i.e. the person's - not the deceased's) zakaat money, whilst the…
Mufti Ebrahim Salejee - Ask Imaam5 Mar 2021
Accepting Zakat when in Debt
Assakamu Alaikum. I have taken a loan from my parents to purchase a home. They have not given me any time frame to pay it back. The loan is R700…
Muhammed Fayyaadh - Mufti Online11 Feb 2021
Zakaat on a property purchased for resale
I bought a land as an investment, but I do not have a clear view on when I will sell it. I have not put it up for sale yet. Do I have to pay zakaat…
Mufti Ebrahim Salejee - Jamiat KZN5 Feb 2021
Using Zakaat to clear a debt
A Muslim brother owes me a significant amount of money. A Muslim friend of mine is willing to pay the Muslim brother’s debt with Zakaat money. How…
- Jamiat KZN26 Jan 2021
Can a person give Sadaqah while in Debt?
I have started work recently. I have debts from my past years BUT Insha Allah I wish to give sadaqah from my new salary? Is this allowed? Is it a…
Mufti Moosa Salie - Ask Imaam31 Dec 2020
Paying off a Zakat recipients debt for him with Zakat funds
Du'a Hazrat Mufti Sahib is well If someone gave me their zakaat to discharge. Appointed me as a wakeel to discharge according to my discretion.…
Bilal Yusuf Pandor - Mufti Online3 Nov 2020
Zakaat on fruit trees, bee hives, solar panels and cattle purchased as an investment
I would like to enquire about a few zakaat issues: 1. How much zakaat needs to be paid on fruit trees, which have been purchased as an investment?…
Mufti Ebrahim Salejee - Mufti Online24 Sep 2020
Zakaat on a debt that is payable after a long period of time
Zaid and Ahmad are partners in a business. Zaid wishes to sell his share to his partner for R10 million. The payment terms agreed upon are that half…
Mufti Zakaria Makada - Ask Imaam8 May 2020
Paying a poor persons debt with Zakat money - Can this be done?
Assalamualaykum Mufti If Zaid is on debt , and Bakr says to him : I'm going to pay your debt off , don't worry . Then Bakr uses Zakaat money to do…
- Mufti Online10 Mar 2020
Using money and calculating zakaat from a life insurance payout
I had taken out a life insurance policy with a dread disease cover many years ago. (I call that my pre-hidayat days). I have now been paid out part…
Mufti Ebrahim Salejee - Mufti Online7 Mar 2020
Zakaat on a long term investment and retirement annuity
I have 2 investments and want clarity on my responsibility when it comes to zakaat. 1. I have purchased shares in company x for long term investment…
Mufti Ebrahim Salejee - Mufti Online9 Feb 2020
Discharging fidyah for the deceased and settling his debts
My father passed away recently. My parents were divorced since I was 7 years old. We would only meet as a family a few times a year, so now that he…
Mufti Ebrahim Salejee - Ask Imaam31 Jan 2020
Is it allowed for me to offset certain amount of my Zakat money for a debt owed to me?
Assalamu Allaikum. My question is related to Zakat. My brother-in-law living in Sri Lanka was in dire financial need. He was unable to obtain any…
Mohammed - Mufti Online22 Jan 2020
Offsetting a debt as zakaat
My mother's brother is old and jobless. I gave him some money as debt, but he is unable to return it. Can I forgive his debt as zakat for the coming…
Mufti Zakaria Makada - Mufti Online14 Oct 2019
Giving zakaat to people who are in debt
My sister and her husband have fallen on hard times. They had a thriving business but are now in debt for millions. Her husband is extremely unwell…
Mufti Ebrahim Salejee - Ask Imaam19 Sep 2019
Zakat On Debts Receivables
As Salam Walekum I have query regarding zaqaat.One of my business customer owes me approx $100000 from last 4-5 years.She is not able to pay…
Hammad Ibn Ismail Jogiat - Ask Imaam18 Sep 2019
Zakat on investment which is not being repaid
Assalamualaykum Zakaat related question. I invested 2 lak and in lieu I was receiving certain percentage of the profit. For my necessity, I…
Hammad Ibn Ismail Jogiat - Mufti Online16 Sep 2019
Zakaat on shares
How do I pay zakaat on shares of my company in the JSE. Some are in property, some in merchandise stores like Shoprite, some in gas and oil. The…
Mufti Ebrahim Salejee - Mufti Online12 Sep 2019
Accepting zakaat to pay off a debt
If a man is in debt (for example R100 000 debt), is he allowed to accept zakaat to pay off the debt? Bear in mind that the man has no assets in his…
Mufti Ebrahim Salejee - Mufti Online27 Aug 2019
Zakaat on retirement pension
If a pension is released to an employee at the time of retirement and according to statutory law you can only cash in 1/3 of it, while the remaining…
Mufti Ebrahim Salejee - Mufti Online20 Aug 2019
Zakaat on a retirement fund
I have a retirement annuity. Do I discharge Zakaat on the capital amount or do I discharge on the maturity amount?
Mufti Ebrahim Salejee - Mufti Online19 Aug 2019
Giving zakaat to a person in debt
A maid (widow) is in dire need to buy a small room. She sells her only possession (gold worth one lakh rupees) for this purpose and hands over this…
Mufti Ebrahim Salejee - Mufti Online24 Jun 2019
Giving zakaat to people in debt
1. Can zakaat be given to a person who has debts? 2. There are people who live a better standard of living than me. They have better cars, better…
Mufti Zakaria Makada - Mufti Online24 Jun 2019
Accepting zakaat if one is in debt
I live in the UK for the last 14 years. I had a very difficult time till 2017. I did not have any reasonable job till 2010, then with Allah's…
Mufti Zakaria Makada - Mufti Online17 Jun 2019
Paying zakaat on one's contribution towards a provident fund
At my previous job, some years back there was a provident fund which I contributed a certain percentage and the company contributed a certain…
Mufti Ebrahim Salejee - Ask Imaam26 Feb 2019
Offsetting debt through zakaah
My question is regarding Zakat I have given Karza e hasna of amount 50,000.00 Rupees for my elder sister whose husband has been no more but she has…
Muajul I. Chowdhury - Mufti Online19 Feb 2019
Deducting debts when calculating zakaat
I am trying to understand a masala. For example: Zaid takes a loan of $5,000 from his brother, and his brother tells him to pay $200/month, but Zaid…
Mufti Ebrahim Salejee - Mufti Online7 Feb 2019
Zakaat on savings
My question is related to zakat. If a divorced women with one dependant child is not working, and has a saving for her daughter's university…
Mufti Ebrahim Salejee - Ask Imaam18 Jan 2019
Paying zakaah while having a long-term student debt payable after a while
Assalamu alaikum I have a question pertaining to zakat: 1. i took student loans whilst at university, which now amounts to £13000, which is payable…
Muajul I. Chowdhury - Mufti Online6 Nov 2018
Paying off one's brother's debts with zakaat money
If there are 2 siblings, one is fairly well off and the other is struggling financially. The “wealthier” one would like to discharge his zakaah. The…
Mufti Ebrahim Salejee - Mufti Online6 Nov 2018
Giving zakaat to pay off someones's debt without their knowledge
I have previously given an elderly person zakaat money to pay off his son's debt, without the son knowing. The zakaat though was was given with the…
Mufti Ebrahim Salejee
Read-only index of fatawa already published by South African Darul Iftas, each linked to its original. Not a fatwa service — for your own situation, ask the issuing Darul Ifta.