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...
View ArticleIs 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...
View ArticleResearch 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...
View ArticleIs 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...
View ArticleIs 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...
View ArticleHow 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:...
View ArticleCan 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....
View ArticleCan 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:...
View ArticleCan 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...
View ArticleDo 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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