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. The […]

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 take […]

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 Most […]

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 Allah, […]

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 conditions […]

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, the […]

Question: Can a creditor be paid Zakat directly on behalf of a debtor? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum […]

Question: Is The Profit and Loss Account Used For Zakat Calculation? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. […]

Question: Is there Zakat on Aviva Life Insurance Plan? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: […]

Question: Is there Zakat on Air Miles? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: Air Miles, […]