Zakah on the wealth of a person who is not of sound mind
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. Wallahu Alam
Zakah
Zakah on Land
ZAKAH ON LAND Q: I own land intended for business but haven’t sold it in years. Do I owe zakah?A: Yes, you do: This is the opinion of the majority of scholars, though the Maliki school holds a different view. Q: What if the land is for business and I can’t afford yearly zakah due … Read more
Zakah on merchandise and stores
ZAKAH ON MERCHANDISE & STORES Q: Do I pay zakah on merchandise in my store even if I haven’t made any profit yet?A: Yes. Even if you haven’t earned revenue, if the merchandise remains for a full year, you are required to: This applies to grocery stores, gas stations, and any business holding salable inventory. … Read more
Zakah on behalf of parents
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 and … Read more
Q: What if I voluntarily gave part of my inheritance or money to another heir?
What if I voluntarily gave part of my inheritance or money to another heir? Once the money is transferred as a gift, the recipient is now responsible for including it in their zakah calculation. Wallahu Alam
Zakah on lent money
Zakah on lent money 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 … Read more
How to calculate zakah on Inheritance
How to calculate zakah on Inheritance Q: How do heirs calculate zakah on inheritance?A: Each heir must: Example:If a person has $70,000 in personal wealth and their share of inheritance is $20,000, they will: Q: What if the inheritance hasn’t been distributed yet?A: If the inheritance remains undivided for a full year, then zakah is … Read more
Zakah on Inherited wealth
Zakah on Inherited wealth Q: Does zakah apply to inherited wealth or wealth that has reached the nisab and a full year has passed?A: Yes, zakah is due on inherited wealth as long as it: Wallahu Alam
Zakah on RRSP (Registered Retirement Savings Plan)
Zakah on RRSP (Registered Retirement Savings Plan) Q1: Do I have to pay zakah on my RRSP or other savings plans like educational savings?A1: Yes, you have to pay zakah if: Q2: But what if I can only access my RRSP funds after many years (like 20–25 years)?A2: If you don’t have full access, zakah … Read more
Zakah on Inheritance
Zakah on Inheritance Q: Does zakah apply to inheritance money? A: Yes, zakah applies to inheritance money. Q: How is zakah calculated on inheritance? A: Each heir calculates their share of the inheritance and adds it to their own wealth. Q: What if I haven’t received my share yet, but it’s confirmed? A: If the … Read more
Missed or Unpaid Zakah in Previous Years
Missed or Unpaid Zakah in Previous Years Q: We didn’t know about zakah and haven’t paid it for 10 years. What should we do? A: If someone didn’t pay zakah due to lack of knowledge for the past 10 or even 20 years, they still have to pay it. Q: Even after 20 years? A: … Read more
Zakah on RRSP & Registered Educational Plans
Zakah on RRSP & Registered Educational Plans Q: Do we have to pay zakah on a registered educational plan or RRSP? A: Yes, zakah is due if the amount reaches the nisab (around $11,000 CAD) and has been held for a full year, as long as you have access to it. Q: What if I … Read more