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 6 of 7
- Ask Imaam24 Sep 2014
1.How can one pay off a debt when the amount and creditor is unknown? 2.Fidya for missed fasts?
Making Wasiyat Nama...I owe unknown $$ to people/co(Muslims & non-Muslims) whose whereabouts unknown. can I bequest reasonable amount to charity…
Fahad Abdul Wahab - Mufti Online20 Sep 2014
Giving zakaat to non-Muslims and pensioners
1. Could zakaat be given to non-Muslims? 2. Could zakaat be given to Muslim and non-muslim pensioners? 3. Could zakaat be given to family members?
Mufti Zakaria Makada - Mufti Online17 Aug 2014
Zakaat on an investment
I'm the executor of my dads estate. One of the bequests was to pay my younger sister a stipulated accumulative amount on maturity of a fund that's…
Mufti Ebrahim Salejee - Ask Imaam12 Aug 2014
Zakaat on Investments & Taxes
I have 2 seperate queries pertaining to zakaat and I would appreciate it if you could assist me with them. 1) My wife has a few investments to her…
Ismaeel Bassa - Mufti Online10 Aug 2014
Zakaat on retirement fund
I have a retirement fund called 401K where I contribute certain amount of money every bi-week and the employer matches certain percentage. I can…
Mufti Ebrahim Salejee - Ask Imaam1 Aug 2014
Is Zakat due on shares in a housing scheme, RSP's, RRSP's, and stocks?
If someone is saving money to buy a house using Islamic Financing for example If someone purchase shares in ISNA Housing…
- Ask Imaam1 Jul 2014
Is Zakat paid at cost price of the stock or at selling price?
Most businessmen I know pay Zakat on stock in trade at cost price, not selling price. Please confirm which is the correct value to be used?
Mufti Hussein Issa - Jamiat KZN26 Jun 2014
Zakaat on Property Investments
Q. Ramadaan will be soon and I usually calculate my Zakaat in Ramadaan. I would like to know how to calculate in on a property. I have invested 200…
Mufti Suhail Tarmahomed - Ask Imaam16 Jun 2014
Zakat on shares, retirement funds.
Q1) Last year i sold my home so i got my downpayment back which i invested in locally in some charities quartly i gain profit or loss. do i have to…
Zameelur Rahman - Mufti Online11 Jun 2014
Zakaat on compulsory pension / provident fund
Do we need to pay Zakaat on our compulsory pension/provident fund we have with the company. Should we include this amount (market value @ zakaat…
Mufti Ebrahim Salejee - Mufti Online29 May 2014
Changing one's intention after purchasing an item for resale
I bought something for resale purposes. Now I no longer intend selling it, rather I will use it in my home. Will Zakaat be fardh on it?
Mufti Zakaria Makada - Mufti Online15 May 2014
Is zakaat compulsory upon wealth earned in a place where music is played?
If a person has a halaal business but there is some haram involved in it like music and he gives zakaat from that income, will his zakaat be…
Mufti Zakaria Makada - Mufti Online6 May 2014
Zakaat on land that was purchased with the intention of resale
I am living abroad and my question is that I purchased two plots and decided that I will construct a house on one plot and and sell the second plot…
Mufti Zakaria Makada - Mufti Online24 Feb 2014
Giving a person zakaat to settle his debt
A brother has a bond on his house. Can he be given zakaat to settle his bond? He possesses the nisaab.
Mufti Zakaria Makada - Mufti Online3 Nov 2013
Zakaat on retirement fund
I have $100,000 in my retirement fund. I cannot withdraw any amount from this find until the next 10 years. If for some reason I withdraw, I will…
Mufti Zakaria Makada - Mufti Online2 Oct 2013
Zakaat on compulsory pension/provident fund
My company has a compulsory pension/provident fund that I am compelled to join. There is no option not to join. I was aware of it when I joined the…
Mufti Ebrahim Salejee - Mufti Online1 Oct 2013
Zakaat on investments that are in liquid form
Please advise me on the following concerning paying of zakaat. I have invested capital in a partnership which provides a service. There is no stock…
Mufti Ebrahim Salejee - Mufti Online22 Sep 2013
One whose debts are more than his assets
My brother for the last 8 months has saved money to build his house, plus he received a substantial amount as a qardh-e-hassan. How and when will he…
Mufti Ebrahim Salejee - Mufti Online21 Sep 2013
Zakaat on a flat which was purchased for investment purposes
My husband bought a flat for investment purpose only. We will not be living in it. He is currently renting out the flat and with that flat money his…
Mufti Ebrahim Salejee - Mufti Online21 Sep 2013
Zakaat on retirement annuities and pension funds
Please advise me regarding how I should pay zakaat on retirement annuities and pension funds.
Mufti Ebrahim Salejee - Mufti Online7 Sep 2013
Deducting debts from one's total zakaatable assets
What is the ruling relating to the deduction of debts owed from the total of Zakaah that is due?
Mufti Zakaria Makada - Mufti Online25 Aug 2013
Offsetting a debt
If I have lent some money to a needy friend and the latter is absconding from repayment and is avoiding me, can I later consider this money as…
Mufti Zakaria Makada - Ask Imaam22 Aug 2013
If you extend credit when you sell merchandise, is your whole debtors book zakatable?
If you extend credit when you sell merchandise, is your whole debtors book zakatable? Obviously theres a chance of default from certain debtors.…
Mufti Faisal bin Abdul Hameed - Ask Imaam7 Aug 2013
Could I accept Zakaat from my work place so that I may pay a credit card debt?
I need to know whether I could accept Zakaat money from my company (that is the company in which I work), to pay off a credit card debt in which…
Mufti Hussein Issa - Ask Imaam31 Jul 2013
1. Do I have to include in my Zakaat wealth the money that I have deposited in an investment?
1. I have signed an offer to purchase a flat, which is still been built, I.E. “off plan’. The agreement states that i should arrange my finance now,…
Mufti Hussein Issa - Ask Imaam27 Jul 2013
Could I accept Zakaat from my work place so that I may pay a credit card debt?
I need to know whether I could accept Zakaat money from my company (that is the company in which I work), to pay off a credit card debt in which…
Mufti Hussein Issa - Ask Imaam25 Jul 2013
Is Zakaat payable on shares owned on the JSE?
Is zakaat payable on shares owned on the JSE?
Mufti Ebrahim Desai - Ask Imaam24 Jul 2013
Could I accept Zakaat from my work place so that I may pay a credit card debt?
I need to know whether I could accept Zakaat money from my company (that is the company in which I work), to pay off a credit card debt in which…
Mufti Hussein Issa - Ask Imaam17 Jul 2013
Could I accept Zakaat from my work place so that I may pay a credit card debt?
I need to know whether I could accept Zakaat money from my company (that is the company in which I work), to pay off a credit card debt in which…
Mufti Hussein Issa - Mufti Online10 Jun 2013
I am heavily in debt. Is it permissible for me to take zakaat?
I am a 32 year old married muslim male with 2 kids. I have been unemployed for 3 years and struggling to earn an income to match my living expenses…
Mufti Zakaria Makada - Ask Imaam23 May 2013
How should I pay Zakāh on property purchased for business?
I have question regarding zakat on property bought for business. In first scenario can you please guide me, if, for example I have paid my zakat on…
Abdul Azīm bin Abdur Rahman - Mufti Online11 May 2013
Mother paying off her son's debts with her zakaat
Can a mother pay off her son's debts with her zakah? She does not have enough money to pay his debts outright, because if she did that, then she…
Mufti Zakaria Makada - Mufti Online18 Dec 2012
Giving zakaat to one who is in debt
If one is totally in debt. What is the stance with regard to Zakaat?
Mufti Zakaria Makada - Mufti Online2 Sep 2012
Zakaat on Redundant Stock
Can a person give out redundant stock as zakaat? I.e. He discharges his zakaat by giving out the redundant stock to zakaat recipients, hence…
Mufti Zakaria Makada - Mufti Online2 Sep 2012
Zakaat on Holiday Vouchers and Unique Cell Numbers
I purchase holiday vouchers at R20 each. I sell most by putting them on R1 auction and they sell at whatever price the auction closes. I do have a…
Mufti Zakaria Makada - Mufti Online2 Sep 2012
Zakaat on the cost price of trading stock or on the selling price?
Does one pay zakaat on the cost price of trading stock or on the selling price of the trading stock? E.g. I sell cars. I paid R10,000 for the car…
Mufti Zakaria Makada - Mufti Online1 Sep 2012
Zakaat when one has Debts
I have taken a flat on instalment for 1,850,000 Indian Rs. I have given 500,000Rs out as initial payment. I still have to pay the remaining amount.…
Mufti Zakaria Makada - Ask Imaam3 Aug 2012
A woman if she is wealthy by her own and parental means, and If her husband is in debts and earning quite less, can she give zakat to her husband?.
A woman if she is wealthy by her own and parental means, and If her husband is in debts and earning quite less, can she give zakat to her husband?
Mufti Faisal bin Abdul Hameed - Ask Imaam25 Jul 2012
Can I pay my Zakaat money to my debtor?
Zakat: Someone who is eligible to take Zakat money owe me some cash money. I understand that it is not going to be returned to me. I also give my…
Moulana Muhammed Patel Lusaka - Ask Imaam17 Jul 2012
Do I have to pay Zakaat on the market value or investment value of shares?
Assalam Alaikum Mufti Saheb, I had invested INR 3 lakhs in shares of some textile, steel, software and petroleum companies in India about 3 years…
Moulana Ismail Desai
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.