The Majlis Archive

Category

Zakaat

251 answers. Every one links back to its page or issue on themajlis.co.za.

I have a gold ring which weighs 5 grams.

If the only wealth you have is the 5 gram gold ring, then there is no Zakaat payable on it. However, if you have cash money or bank savings and if this is added to the value of the…

The Majlis Vol 27 No 11, p.5

I have a gold ring which weighs 5 gram.

If the only wealth you have is the 5 gram gold ring, then there is no Zakaat payable on it. However, if you have cash money or bank savings and if this is added to the value of the…

The Majlis Vol 27 No 11, p.7

I was given a big amount of Zakaat for distribution.

Since you had taken all precautions and was not negligent, you are not liable for the loss sustained. The loss is for the owners whose Zakaat has not been discharged. You have two…

The Majlis Vol 27 No 11, p.8

I have saved sufficient for Hajj.

Zakaat is Waajib on savings regardless of the purpose of the savings. If your Zakaat year ends before going for Hajj, then you have to pay Zakaat.

The Majlis Vol 27 No 11, p.9

How should Zakaat be calculated on a rare gold coin?

The market value of gold is the value on which to calculate Zakaat, not the numismatic value of the coin. The value due to ‗rarity', etc. is fictitious. Treat the rare gold coin…

The Majlis Vol 27 No 12, p.3