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Is Zakah Mandatory on Cooperative Reserves or Profits?

Is Zakah Mandatory on Cooperative Reserves or Profits?

Wa `alaykumAs-SalamuwaRahmatullahiwaBarakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: In case of dissolving the co-operations and after settling all its liabilities, these reserves are to be distributed to members, then they calculate the amount …

Taxes and Zakah

Taxes and Zakah: Any Difference?

Wa`alaykum as-salamu wa rahmatullahi wa barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: Zakah is one of the pillars of Islam, and it is a religious obligation with given characteristics, qualification, intention, recipients, etc. …

Can I Give My Zakah to a Poor Friend?

Can I Give My Zakah to a Poor Friend?

Wa `alaykumAs-SalamuwaRahmatullahiwaBarakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: If your friend is poor and needs money, then he falls under one of these categories and you may give him out of the zakah. …

Zakah

Is Zakah Due on Company Shares?

Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: The shares you own in the company are part of your properties and are due to Zakah. Any charity (sadaqah) …

Money needy

My Parents Get Angry When I Give Money to the Needy

Short Answer: Talk to your parents and find out exactly why they are against you giving money to the needy. Try to consider their perspective, but remind them of the virtue of giving charity as a Muslim, and try to come to a compromise by, perhaps, agreeing as a family on a trusted organization to …

Zakah on Land

Zakah on Land of No Income: Obligatory?

Wa `alaykum as-salamu wa rahmatullahi wa barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. Dear brother, thank you for your question that shows your interest to know more about the teachings of Islam and your concern to …



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