Is Zakat Due on Child Trust Funds?
Question: Is Zakat Due on Child Trust Funds? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer:...
How Should Raw Materials be Valued in a Business for Zakat?
Question: How should raw materials be valued in one’s business? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh....
Is Zakat due on Monies Invested in Kitty and Committee Schemes?
Question: Is zakaat compulsory on money which has been put into a “kitty”. Kitty is basically when a group of people get together and each...
Can Tax Relief be Claimed Upon Zakat Payments?
Question: As a higher rate tax payer, can I claim back tax relief from Zakat payments? In the Name of Allah, the Most Gracious, the...
What is the Zakat liability on a director’s loan into their company?
Question: If I have put a director’s loan into my company, do I have to still pay zakat on that loan? In the Name of...
Is the Teachers’ Pension CARE Scheme Permissible?
Question: Is the Teachers’ Pension CARE scheme permissible? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer:...
Is The Lifetime ISA Shariah Compliant?
Question: Is The Lifetime ISA Shariah Compliant? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: As...
Indexation, Inflation and Investing in NS&I Index Linked Certificates
Question: Index-linked-saving certificates: These are on sale intermittently and for a term of 3 or 5 years. At the end of the term one can...
Is The Pockit Prepaid Mastercard Shariah Complaint?
Question: Is The Pockit Prepaid Mastercard Shariah Complaint? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer:...
Is A Buy To Let Property With Plans To Sell Upon Favourable Market Conditions Zakatable?
Question: Is a property purchased for personal use or a buy to let but with a plan to surely sell this in future when market...
Is a Property Purchased to Resell and Thereafter Leased but Still on the Market For Sale Zakatable?
Question: Is a property purchased to resell and thereafter leased for short-term but still on the market for sale Zakatable? In the Name of Allah,...
Are Multiple Hire Agreements Valid and Shariah Compliant?
Question: We have a business of car rentals. We have vans which we lease out to different customers. Some vans are booked multiple times on...
