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Zakat on share investments: determining a proxy for calculation

At the National Zakat Foundation, in collaboration with scholars, financial analysts, accountants and others, we spent almost 5 months analysing the FTSE 100 to determine proxy for net Zakatable assets...

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Is Retail Forex Trading Shariah Compliant?

Question: Is Retail Forex Trading Shariah Compliant? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.  The Answer: Retail conventional Forex...

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Research Paper: Retail Forex Trading: Views from the front lines of Islamic...

Foreign exchange trading has been one of the fastest-growing activities among private investors in the past 15 years. According to research by Citi in 2014, 4 million people are now trading currencies...

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Is Zakat due on money lent to my brother?

Question: Is Zakat due on money lent to my brother? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.  The Answer: According to the Hanafi...

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Is Zakat due on money saved to buy a house?

Question: Is Zakat due on money saved to buy a house? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.  The Answer: According to the Hanafi...

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How do I calculate the value of my gold jewellery for Zakat?

Question: How do I calculate the value of my gold jewellery for Zakat? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.  The Answer:...

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Can an overpayment of Zakat be considered an advance payment for subsequent...

Question: Can an overpayment of Zakat be considered an advance payment for subsequent years? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh....

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Can I give Zakat in the form of items and goods needed by recipients?

Question: Can I give Zakat in the form of items and goods needed by recipients? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.  The Answer:...

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Can a husband pay Zakat on behalf of his wife?

Question: Can a husband pay Zakat on behalf of his wife? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.  The Answer: Zakat is obligatory on...

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Do I pay Zakat on the annual salary that I earn?

Question: Do I pay Zakat on the annual salary that I earn?  In the Name of Allah, the Most Gracious, the Most Merciful.  As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.  The Answer: Zakat is not like...

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