Question: Do I have to pay zakat on my watch collection? Answer: It depends on your intention behind owning the watches. If you bought the watches as an investment, with the intention of selling them later to make a profit, then zakat is due on their current market value. In this case, they are considered … Read more
Zakat on Land Purchased for Investment or Personal Use: How Intent Affects Zakat Obligation Question Salaam alaikum warahmatuLlah wabarakaatu. I would like to know how to pay zakah in this case : he bought 2 units of land back home initially for investment but he hasn’t decided if he will build them as a family … Read more
ZAKAH ON PROPERTY AND RENTAL INCOME Q: Do I pay zakah on my house or personal car?A: No, if they are for personal use, no zakah is due. Q: What if I’m in real estate and buying/selling houses as business?A: Yes, zakah is due: Q: What about a rental property?A: You pay zakah only on … Read more
Q: Can I pay zakah to my parents or children?A: No. It is not permissible to pay zakah to: These relationships involve financial responsibility, so zakah is not valid between them.
Q: If I lent money to a businessman and I’m confident he’ll repay me, do I owe zakah on it?A: Yes. Add the amount to your own wealth and pay zakah on the total. 📌 Example: If you lent $10,000 and have $90,000 in your own wealth, you pay zakah on $100,000. Q: What if … Read more
ZAKAH ON THE WEALTH OF A PERSON WHO IS NOT OF SOUND MIND Q: What if someone is mentally incapacitated but owns wealth—does zakah apply?A: Yes, zakah still applies to his wealth.
ZAKAH ON BEHALF OF PARENTS Q: Can I pay zakah on behalf of my father if he refuses to do it himself?A: Only with your father’s permission. 📌 Zakah is an act of worship and requires intention. There is a scholarly consensus on this. Q: What if I know how much zakah my father owes … Read more
Q: If I lend money to many people, do I pay zakah on those loans?A: Yes—only if the borrower is capable of repaying.There is consensus (ijma’) among scholars that if the debtor can repay, you must pay zakah on that money each year.
A: Once the money is transferred as a gift, the recipient is now responsible for including it in their zakah calculation.
Q: Do I have to pay zakah on money I lent to someone else?A: It depends on the financial status of the borrower: Scenario: The borrower is wealthy and capable of repaying 📌 Example:If you lent $20,000 and you have $1,000,000 in your account: Scenario: The borrower is struggling or refuses to pay (broke or … Read more