Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
Brother hats off to you. I really liked the way u explained n its the true definition n humble approach. Rather than a few who dont know n try make u feel bad. 👍👍👍
Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
Jazakhallahu Khair a gazillion for delivering a very important topic in an easily comprehendible way which covers most of the doubts of modern world as well. 🌹❣️👍 Really appreciate it. So I have to refer to cost of silver to evaluate my nisab which also decides whether or not I will be eligible to pay zakat. Once again thank you from bottom of my heart 💓
Salam Alaikoum, I’m a single mum with 4 young kids , my husband left me for another lady - left us with absolutely nothing - used me to build up so much debt and just received eviction notice . I’m not asking for money just some food , nappies and to put a smile on my boys face on Eid . Djazakoum Allaho khrayran .
Assalamu Alaikum, great content. Small doubt on calculating Zakath on cash (in the account, hand, etc..), Let's say last year Ramadan I had 10000 as cash. and over the last year until this Ramadan, it was fluctuating but steadily increased. Let's say this Ramadan I have 20000 (doubled). Now, how do I calculate the zakat in this scenario? Should I calculate zakath for 10000 or for 20000 ? Or should I take an average annual balance and give 2.5 % on that?
JazakumAllahu Khairan for this excellent video. I've added this to my playlist intended to be a resource for new Muslims. One note: please update the calculator link in the description as it currently leads to 404 Page not found.
Aslam u Alaikum This video was quite helpful. I have been looking the right way to calculate the Zakat as per exact Islamic rulings for many months, This calculator is very useful as it offers to calculate in other currencies as well. So I finally could do it with its help. JazakAllah
I didnt realize stock market was Halal. I figured it was in line with gambling. I got this brothers book on Halal investing. Inshallah I make some money grow yall.
My father died in 1st April, 2021. Now in our family there is no earning member. Our family is running on my father's saving. Is zakat fard on us until I, the first child of my father, or anyone of my family starts to earn money?
If one's assets dip below nissab, do we start a new zakat year until we reach nisab? Or dowe simply look at whether we have over the nisab threshold on the due date (1 year from our original nisab).
@@h.f3544 riba means interest not investing lol when you buy a stock your actually buying a piece of the company. It’s just like buying a business together with your friends. Akhi you really have to educate yourself because this is the first time I heard buying any stock is haram. As long as the company is not dealing with anything haram it’s lawful!
@@MrSkee80 your understanding is not as the same of main scholars and Sheikhs that follow the Quran and Sunnah. Who wants to follow whims and desires, seduced by dunya and full of ambitions with no limits, go ahead....
regarding crypto, in the Bitcoin whitepaper it says it was created as a digital currency so perhaps it is probably best to pay zakat as if it was a currency rather an asset
I believe you have to pay zakat on gold and silver even if you wear it. Can you please guide me where did you get the opinion that you don't have to pay zakat on gold and silver you wear ?
To pay on all gold and silver even jewellery is the mainstream hanafi position. We followed other schools on this particular point. Will clarify iA in description iA.
Zakat need to DISTRIBUTED equally back to peoples. Zakat collection for that particular year, cannot be accumulated to subsequent year and need to distribute to peoples. Amanah!
Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
Is the deductibles (like bills) only applicable for the month or is it for the year. For example, if I bought something from Currys where I can make the full payment within 9 months interest free, do I only deduct how much I am going to pay for that month or would it be deductible from the remaining payments left?
Majority of my family, relatives and communities always knew and paying Zakat on gold jewellery used for personal reasons. Are you sure gold jewellery is not Zakatable?
Salam IFG, Can i clarify some base questions as i still be confused on those: 1. I am still confused on what is nisab and how do we calculate nisab vs zakatable amount. 2. If i have RM60,000 in bank as of today and out of that RM50,000 has not touched for a year. Means the balance RM10,000 will be used in the daily expenses. In short I managed to keep RM50,000 untouched for a year. Then do i include RM50,000 in the calculator or RM60,000 Another way to ask is that the amount should be taken for the current amount instead 1 year's savings amount? This is what i knew so far that take 1 years total savings amount and pay 2.5% of that amount. 3. If i have a house (own use) under loan of 30 years and a car (own use) under loan for 5 years then do i deduct any amount during the calculation. If yes, how do i calculate this deduction amount? Obviously i shall not calculate the 12 months mortgage amount else the zakat amount will be RM0
Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
If I have $100000 I'll give $2500 as a zakat... Next year if I have $500000 including last years $100000 should I have to give zakath for $500000 or $400000?
Assalamu 'aleikum! Thanks for such a useful video. I've got a question. Tell me please, why did you take 25% for funds etc.? I heard option is 40%. Is t something that depends on madhhab etc? Could you tell, please?
According to my knowledge, zakat is a compulsory TAX imposed on every Muslim annually. You pay tax, you are good to proceed with life. (no hasanat) You don't pay, you will be punished and no blessings in your rizq (wealth). Sadaqa is always rewarded. (hasanat)
You can try Islamicly, which makes choosing Halal stocks easy for many different stock exchanges around the world. I am personally using it for investing in the Dhaka Stock Exchange.
ok i'm now even more confused!!! I thought if you were renting a property, you need to pay zakat on the profit you're earning per year. In this guide if i understand correctly, there is NO zakat to pay i.e. if you're renting out the property to tenants nothing to pay?
For calculating Zakaat on shares ( Stocks) , Most of Islamic scholars consider only Cash, Receivable and Inventory but did not consider the DEBT and INVESTMENT by company. Would it will not be more Realistic and simplifies for common person if Zakat is calculated based on “Book Value” of shares for long term investors. I think this issue should be handle in best way by a big team of good Charted Accountants and Islamic Scholars.
Brother, I beleive for debts, you're allowed not to pay if the money is not in your belonging unless you are simpy able to retrieve it whenever you want. You can pay Zakat on debt after it is recieved.
If i get $1000 on Jan 01 2022 (for the first time in my bank) and I immediately invest it in a company on the terms that I will get 20% of the profit/loss every month. So next year (Jan 01 2023) Do i pay zakat on that profit/loss money only or do I need to count in that $1000 investment money too in zakat? If (for example) i do need to count that $1000 investment money in zakat, Do i need to count that $1000 investment every year? Or just of the first year? 🤔 Plz help, I just confused me-self even more 🤯
Hey, Salaam. Zakaat on Crypto is a little complicated and im trying to navigate it myself. As you may be aware it is an extremely volatile market meaning one day its at $40k and the next at $60k. I myself am a holder which means i have not sold it and my profits are therefore not realized. So what exactly am I paying zakat on? I do want to ensure that I pay my share but I am having a really hard time calculating it.
Can you please explain why IFG uses the Zakatable Assets Approach based on length of holding when AAOFI uses income vs appreciation stocks? AAOFI says to use Market Value Approach of appreciations stocks even if long term. Is there a basis from the sunnah for your criteria?
Brother. Hold on. You said if you own a property to rent it then you don't pay zakat on it. But you do have to on the rentals you receive! Question thought, if 1 year passes on the rental income then I should pay 2.5% on that. Correct?
I am guessing your rental income is in the same accounts/ cash with all your other money, so if total of all assets is higher than £360 and you had it for a year then its zakatable, Wallahu Alim.
Salam I am a bit confused on bills. So for example thr gas/electricity bills that are paid monthly- can I remove a years worth of this bill and so a year's worth of my mortgage payments. Or is it just one month's worth. Also I am self employed and so pay a large tax bill annually- this is done in July and January. Can I remove this tax bill also before calculating zakat?
I have a question, so I’m a student and I have an amount of money that is above the threshold but it’s in my bank account and it’s not stable I took money from it and I put money in it what should I do in my case ?
Hello, I have been unemployed since before the pandemic (nov, 2019). I had unemployment soon after, and it was extended due to the pandemic. For one additional yr. I have a savings from my previous job. I have two savings, one checking. It is joint, Therefor if my checking doesmt have sufficient funds it takes from one savings, automatically(to avoid overdraft fees). And the second savings account is untouched. Do i pay zakat on my total amount in the bank or just the one that is untouched for over a year? I hope I made sense please advise. JazakAllah.
What if you are earning money at the same time as you are trying to calculate your zakat. E.g. I calculate my zakat a few days before the due date but then I receive more payment into my bank before that date. What if I already paid it off and then I received more money.
What about crypto that has shit up in value recently? For example if it was worth £200 for the majority of the year but now worth £2000. What amount do you pay zakat on?
Salam Ibrahim, Just wanted clarification on one thing. I have unrealized gains on my crypto assets. Are they also supposed to be calculated as zakat or only your capital (Initial investment)?
i am unclear about calculating zakatable portion of stocks. I bought some stocks couple years ago to invest the spare cash and with no intention of selling it. Do i calculate some portion of it and then x 2.5% or take the current market value x 2.5% People arguing over crypto being digital currency not the real one is a silly argument (politely speaking). Living in the west, when was the last time you actually touched your money in transactions? the dollars or pounds go in and out of your account digitally almost 100% of the time so that makes today's cash a digital currency too!
Assalamualaikum Brother with due respect. Your zakat calculator doesn't Comply with sharia consideration. Such as it takes the monetary value of of gold and silver irrespective of it crosses the nisab of gold or silver. It takes the property value of place of residence Which doesn't come under zakat as you are staying in it. Also the property to be let out. Here also your automated calculator takes the property value rather than the rent earned. Flaws maybe due to vested interest or genuine flaw in the automated calculator. Anyway please rectify. No offense meant. I may also be wrong. Rebuttal is welcomed. I don't have any idea how fictitious crypto currencies are perceived in Islamic Fiqh Bother You can perhaps elaborate on it for our knowledge. Thanking you.
Say if i had £6000 in my savings, just a few weeks before my zakat is due I spend £4000 on a car and i Have £2000 left. Do I pay zakat for £6000 or £2000 of Money left after the car purchase?
I bought the warehouse land for renting out and earn rental income on that. I paid the 12% token amount and the 70% was planned to pay next month , the sales agreement is to be done along with this payment, and remaining 18% to be paid within 3 months after the sale agreement is done. So In that case is Ok if I deduct 70% of the payment to be made next month while calculating my zakah ??
Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
Yes. Zakaat must be paid every year on the gold (and if you give her any extra gold it will need to be weighed and the zakaat of the total - old and new gold - calculated).
Im a student in Europe, and ive to maintain a certain amount of cash in my bank account for my annual expenditure for the coming year. Is it charitable?
@@stephenknizek2651 @Stephen Knizek What is shame in it? The joke is white historians are biased. Muslims had to pay zakat plus tax plus mandatory military service. Jizya was tax for non muslims in muslim lands. Some rulers abused it to push non muslims to adopt the religion. At least non muslims lived in lands. What happened to muslims in Span after 400 yrs, n Sicily after 300 yrs, Portugal, Greece, Serbia, Bulgaria. Xenophic attitudes fo christains is what we are still facing.
Still dont know if I have to pay ghe zakah on the worth of last year or present day. And owe the state 10.000€ they gave me for studying. But I have to pay it back in 6 Years. U said money i owe in this year can i take to minimize my zakatable money. But whats the evidence for that.
You explained better than a lot of people out there, Thanks 😊
I think zakat is a really interesting topic, in fact, I believe it brings great relief to people in great need, so kudos
I like how you guys coined a term for this ‘Zakatable!’
@Fraud Frog Thanks I didn't know
Alhamdullilah getting to know more about this important topic on Zakat.
May Allah(SWT) give you barakah
Ameen.
Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
Brother hats off to you. I really liked the way u explained n its the true definition n humble approach. Rather than a few who dont know n try make u feel bad. 👍👍👍
Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
What I have learnt is, Zakat is applicable on total GOLD and SILVER you own even if you are using it and wearing daily.
Please do a detailed video on zakat for stocks. Really liked the video. Love from Bangladesh 🇧🇩
Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
CORRECTION: You will also have to pay Zakat on the gold that are in use. This is according to a hadith. Check scholar for more details.
Jazakhallahu Khair a gazillion for delivering a very important topic in an easily comprehendible way which covers most of the doubts of modern world as well. 🌹❣️👍 Really appreciate it.
So I have to refer to cost of silver to evaluate my nisab which also decides whether or not I will be eligible to pay zakat.
Once again thank you from bottom of my heart 💓
How did you come to this conclusion that only 25% of a basket fund is Zakatable? Please share your references.
2,5% not 25%
Thank you so much for explaining the important point. Jazak Allah Al Khair.
Jazakallah khair for the zakat calculator. Very very helpful
JazakAllah gd information
Salam Alaikoum, I’m a single mum with 4 young kids , my husband left me for another lady - left us with absolutely nothing - used me to build up so much debt and just received eviction notice . I’m not asking for money just some food , nappies and to put a smile on my boys face on Eid . Djazakoum Allaho khrayran .
I’m sorry that happened. I hope you are well and may Allah help you.
@@azizhassen9753 Insha’allah and Elhamdoulileh I have Allah left . Thank you
Jazak Allah Khair, one little correction if you have a property for rent, you pay zakat on the rent it it above nisab.
Thank you, brother, you have eased the job.
Great information!
Thank you for this very clear and useful video explanation! I was quite confused before this :)
Jazak Allah Khair
4:10 Little correction brother.
You have to pay Zakat on your wearable gold or silver ornaments.
There's a difference of opinion on this...
The majority is yes pay for any gold and silver
Love you guys!!!
Assalamu Alaikum, great content. Small doubt on calculating Zakath on cash (in the account, hand, etc..), Let's say last year Ramadan I had 10000 as cash. and over the last year until this Ramadan, it was fluctuating but steadily increased. Let's say this Ramadan I have 20000 (doubled). Now, how do I calculate the zakat in this scenario? Should I calculate zakath for 10000 or for 20000 ? Or should I take an average annual balance and give 2.5 % on that?
when the calculation date has reached, you need to calculate for all money at that specific date. old or new doesn't matter.
@@JihadThajwhy? The wealth should have been in your possession for 1 full year before it is zakatable.
JazakumAllahu Khairan for this excellent video. I've added this to my playlist intended to be a resource for new Muslims. One note: please update the calculator link in the description as it currently leads to 404 Page not found.
Aslam u Alaikum
This video was quite helpful. I have been looking the right way to calculate the Zakat as per exact Islamic rulings for many months, This calculator is very useful as it offers to calculate in other currencies as well. So I finally could do it with its help.
JazakAllah
MashaAllah this video was very good
I didnt realize stock market was Halal. I figured it was in line with gambling. I got this brothers book on Halal investing. Inshallah I make some money grow yall.
Masha Allah very good video very helpfull
Jzk khyr
My father died in 1st April, 2021. Now in our family there is no earning member. Our family is running on my father's saving. Is zakat fard on us until I, the first child of my father, or anyone of my family starts to earn money?
Skip around 1:15 it has music
If one's assets dip below nissab, do we start a new zakat year until we reach nisab? Or dowe simply look at whether we have over the nisab threshold on the due date (1 year from our original nisab).
Awesome content thank you. Please more on zakat of stocks and debt.
investiments ( stock markets, crypto, etc) is haram, that means is RIBA, what is forbidden in Islam.
@@h.f3544 ignorance
@@SelmanYasirSezgin what you call ignorance, we muslims call it Sunnah and Sharia Law
@@h.f3544 riba means interest not investing lol when you buy a stock your actually buying a piece of the company. It’s just like buying a business together with your friends. Akhi you really have to educate yourself because this is the first time I heard buying any stock is haram. As long as the company is not dealing with anything haram it’s lawful!
@@MrSkee80 your understanding is not as the same of main scholars and Sheikhs that follow the Quran and Sunnah. Who wants to follow whims and desires, seduced by dunya and full of ambitions with no limits, go ahead....
Question: If you have a house you are renting, do you pay zakat on the money your tenant gives you?
regarding crypto, in the Bitcoin whitepaper it says it was created as a digital currency so perhaps it is probably best to pay zakat as if it was a currency rather an asset
I found that ethereum is halal, but is bitcoin? Please assist.
Yes btc is definitely zakatable
Is Zakat on Bitcoin i based on the profit or on the money invested.
Can you clarify
I believe you have to pay zakat on gold and silver even if you wear it. Can you please guide me where did you get the opinion that you don't have to pay zakat on gold and silver you wear ?
To pay on all gold and silver even jewellery is the mainstream hanafi position. We followed other schools on this particular point. Will clarify iA in description iA.
Zakat need to DISTRIBUTED equally back to peoples. Zakat collection for that particular year, cannot be accumulated to subsequent year and need to distribute to peoples. Amanah!
Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
Why this zakat calculator is asking our email ids?
What about Zakat on pension account ?
Depends what it is invested in. If stocks then those rules apply
Is the deductibles (like bills) only applicable for the month or is it for the year. For example, if I bought something from Currys where I can make the full payment within 9 months interest free, do I only deduct how much I am going to pay for that month or would it be deductible from the remaining payments left?
Majority of my family, relatives and communities always knew and paying Zakat on gold jewellery used for personal reasons. Are you sure gold jewellery is not Zakatable?
That approach is also fine - it is the mainstream hanafi position. We followed other schools on this. Will clarify iA.
Is personal injury compensation Zakatable?
Kindly make it clear what gold or silver one wears should also included in zakat
Asalamualikum I would like to know if I have to pay Zakat again on the money that I saved it without investment?
How abt paying 2.5% zakat anything you earned above the Nisab threshold in Islamic financial year. Seems simple...
My thoughts exactly
Salam IFG, Can i clarify some base questions as i still be confused on those:
1. I am still confused on what is nisab and how do we calculate nisab vs zakatable amount.
2. If i have RM60,000 in bank as of today and out of that RM50,000 has not touched for a year. Means the balance RM10,000 will be used in the daily expenses. In short I managed to keep RM50,000 untouched for a year. Then do i include RM50,000 in the calculator or RM60,000
Another way to ask is that the amount should be taken for the current amount instead 1 year's savings amount? This is what i knew so far that take 1 years total savings amount and pay 2.5% of that amount.
3. If i have a house (own use) under loan of 30 years and a car (own use) under loan for 5 years then do i deduct any amount during the calculation. If yes, how do i calculate this deduction amount? Obviously i shall not calculate the 12 months mortgage amount else the zakat amount will be RM0
Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
May Allah bless you akhi 🥰, but mute the music, so you don’t get sins.
Is zakat due on jewellery that is not worn? Basically saved for a future wedding of a daughter etc
If I have $100000 I'll give $2500 as a zakat... Next year if I have $500000 including last years $100000 should I have to give zakath for $500000 or $400000?
500,000. Its a snapshot approach
Assalamu 'aleikum!
Thanks for such a useful video.
I've got a question. Tell me please, why did you take 25% for funds etc.?
I heard option is 40%. Is t something that depends on madhhab etc?
Could you tell, please?
Is giving zakah rewared with more hassanat than a normal sadaqa?
According to my knowledge, zakat is a compulsory TAX imposed on every Muslim annually.
You pay tax, you are good to proceed with life. (no hasanat)
You don't pay, you will be punished and no blessings in your rizq (wealth).
Sadaqa is always rewarded. (hasanat)
Yes, because zakat is obligatory whilst sadaqa is voluntary
Absolutely. Allah says my servant draws closest to me with those deeds I have made obligatory on him.
ASalamualaikum i have question Talks about Amazon fba business is Amazon halal or haram please
Halal generally
Asslamu Alaikum, Can you please explain why 25% of total stocks is zakatable? Why not 100% of it?
I would realy lije if you guys makes Halal Stock list globaly not only UK
I am in Turkey and realy confused.
On our to do list
You can try Islamicly, which makes choosing Halal stocks easy for many different stock exchanges around the world. I am personally using it for investing in the Dhaka Stock Exchange.
how to calculate zakat year?
ok i'm now even more confused!!! I thought if you were renting a property, you need to pay zakat on the profit you're earning per year. In this guide if i understand correctly, there is NO zakat to pay i.e. if you're renting out the property to tenants nothing to pay?
Can someone explain the stocks part? And can someone explain how to specifically calculate the "zakatable assests"? I'm confused what that means.
Google videos by mufti tariq masood and mufti rasheed official
Isn't zakat the 4rth pillar?
Thanks for the information
For calculating Zakaat on shares ( Stocks) , Most of Islamic scholars consider only Cash, Receivable and Inventory but did not consider the DEBT and INVESTMENT by company.
Would it will not be more Realistic and simplifies for common person if Zakat is calculated based on “Book Value” of shares for long term investors.
I think this issue should be handle in best way by a big team of good Charted Accountants and Islamic Scholars.
Brother, I beleive for debts, you're allowed not to pay if the money is not in your belonging unless you are simpy able to retrieve it whenever you want. You can pay Zakat on debt after it is recieved.
If i get $1000 on Jan 01 2022 (for the first time in my bank) and I immediately invest it in a company on the terms that I will get 20% of the profit/loss every month.
So next year (Jan 01 2023) Do i pay zakat on that profit/loss money only or do I need to count in that $1000 investment money too in zakat?
If (for example) i do need to count that $1000 investment money in zakat, Do i need to count that $1000 investment every year? Or just of the first year? 🤔
Plz help, I just confused me-self even more 🤯
But sir zakaat will not only paid on gold that we are not used but also on that we use on daily basis
Hey, Salaam. Zakaat on Crypto is a little complicated and im trying to navigate it myself. As you may be aware it is an extremely volatile market meaning one day its at $40k and the next at $60k. I myself am a holder which means i have not sold it and my profits are therefore not realized. So what exactly am I paying zakat on? I do want to ensure that I pay my share but I am having a really hard time calculating it.
Salaam Wkum. If I get a commissions check within the year do I pay Zakaat on it or wait for a year to pass on that amount? JAK
Excellent
jzk khayr!
from what date do i calculate zakat from? My first wage in January to the Next Year's January. or can i choose from say August to August?
Can you please explain why IFG uses the Zakatable Assets Approach based on length of holding when AAOFI uses income vs appreciation stocks? AAOFI says to use Market Value Approach of appreciations stocks even if long term. Is there a basis from the sunnah for your criteria?
Brother. Hold on. You said if you own a property to rent it then you don't pay zakat on it. But you do have to on the rentals you receive! Question thought, if 1 year passes on the rental income then I should pay 2.5% on that. Correct?
I am guessing your rental income is in the same accounts/ cash with all your other money, so if total of all assets is higher than £360 and you had it for a year then its zakatable, Wallahu Alim.
Salam I am a bit confused on bills. So for example thr gas/electricity bills that are paid monthly- can I remove a years worth of this bill and so a year's worth of my mortgage payments. Or is it just one month's worth. Also I am self employed and so pay a large tax bill annually- this is done in July and January. Can I remove this tax bill also before calculating zakat?
What about pensions that you dont receive yet?
I have a question, so I’m a student and I have an amount of money that is above the threshold but it’s in my bank account and it’s not stable I took money from it and I put money in it what should I do in my case ?
I have a pension (the ‘annuity’ type) - is Zakat due on this?
Sounds like a defined benefit scheme so not zakatable. But please confirm with a mufti
@@IFGuru OK, JazākAllāh Khair.
Hello, I have been unemployed since before the pandemic (nov, 2019). I had unemployment soon after, and it was extended due to the pandemic. For one additional yr. I have a savings from my previous job. I have two savings, one checking. It is joint, Therefor if my checking doesmt have sufficient funds it takes from one savings, automatically(to avoid overdraft fees). And the second savings account is untouched. Do i pay zakat on my total amount in the bank or just the one that is untouched for over a year? I hope I made sense please advise. JazakAllah.
Why I can't find Telegram chat? Can someone out the link plz ?
Is there a possibility of adding more currencies in the zakat calculator link? Using SGD here
What if you are earning money at the same time as you are trying to calculate your zakat. E.g. I calculate my zakat a few days before the due date but then I receive more payment into my bank before that date. What if I already paid it off and then I received more money.
What about crypto that has shit up in value recently? For example if it was worth £200 for the majority of the year but now worth £2000. What amount do you pay zakat on?
Please tell
Pending zakat of Gold
For yr 2010.
I dont understand Nisab 350 pounds asset is poverty level in some areas, do they have to pay zakat?
Salam Ibrahim, Just wanted clarification on one thing. I have unrealized gains on my crypto assets. Are they also supposed to be calculated as zakat or only your capital (Initial investment)?
Ur complete worth.
Its not important if u realized it or not. Thats how I pay Zakah on my stocks
@@imanpower1653 i just take the value of the asset on the day i'm calculating my Zakah and go with that figure...
@@User-4517 did the same but with 40% instead of 25% they mentioned it in an earlier video. And better for me to be safe and rest in shaa Allah sadaqa
Can you give reference? I find nothing in the coran and hadith.
What if someone has put his money on FD ? What happens on that ?
My daughters child TRUST fund account has just matured.. is the extra money in the account halal or is it interest... pls advise
i am unclear about calculating zakatable portion of stocks. I bought some stocks couple years ago to invest the spare cash and with no intention of selling it. Do i calculate some portion of it and then x 2.5% or take the current market value x 2.5%
People arguing over crypto being digital currency not the real one is a silly argument (politely speaking). Living in the west, when was the last time you actually touched your money in transactions? the dollars or pounds go in and out of your account digitally almost 100% of the time so that makes today's cash a digital currency too!
Assalamualaikum Brother with due respect. Your zakat calculator doesn't Comply with sharia consideration. Such as it takes the monetary value of of gold and silver irrespective of it crosses the nisab of gold or silver.
It takes the property value of place of residence Which doesn't come under zakat as you are staying in it.
Also the property to be let out. Here also your automated calculator takes the property value rather than the rent earned.
Flaws maybe due to vested interest or genuine flaw in the automated calculator. Anyway please rectify. No offense meant. I may also be wrong. Rebuttal is welcomed.
I don't have any idea how fictitious crypto currencies are perceived in Islamic Fiqh Bother You can perhaps elaborate on it for our knowledge.
Thanking you.
Say if i had £6000 in my savings, just a few weeks before my zakat is due I spend £4000 on a car and i Have £2000 left. Do I pay zakat for £6000 or £2000 of Money left after the car purchase?
You pay zakaat on the amount you have at the time the zakaat is due. In your case, £2000.
Do we need to pay zakat for our savings in bank? It is not cash and I believe not foreign currencies.
Yes that is cash.
Didnt u say 40% should we take on shares? Did ur opinion change?
Yes we aligned our view with nzf research
@@IFGuru nzf ?
@@IFGuru ??
@@IFGuru so whats the percentage for me to be sure
I have a question is it monthly or yearly income?
I bought the warehouse land for renting out and earn rental income on that.
I paid the 12% token amount and the 70% was planned to pay next month , the sales agreement is to be done along with this payment, and remaining 18% to be paid within 3 months after the sale agreement is done. So In that case is Ok if I deduct 70% of the payment to be made next month while calculating my zakah ??
Assalamu alaikum my sisters & brothers I'm in need of charity due to medical condition it's hard to cover my seher iftar expenses as well I'm an arabic teacher kindly help me may Almighty multiply ur Reward aameen
hi i cant find the zakat calculator link. can you reply with it please. thanks
The links for telegram are not working
My wife has 20 ounce(tola) gold. We paid zakat on first year. Is it payable for every year?
Yes. Zakaat must be paid every year on the gold (and if you give her any extra gold it will need to be weighed and the zakaat of the total - old and new gold - calculated).
Im a student in Europe, and ive to maintain a certain amount of cash in my bank account for my annual expenditure for the coming year. Is it charitable?
Do you own that money in your account or its borrowed?
Which category on the site does superfund fall into?
I read online that Nisab is 3oz of gold
Does this channel have a video on the jizya?
well ur great granddad may have diary on that
@@mohdshahnawaz1051 why would I need a diary entry when I can hear of the policy firsthand? You aren’t...ashamed...of Jizya, are you?
@@stephenknizek2651 @Stephen Knizek What is shame in it? The joke is white historians are biased. Muslims had to pay zakat plus tax plus mandatory military service. Jizya was tax for non muslims in muslim lands. Some rulers abused it to push non muslims to adopt the religion. At least non muslims lived in lands. What happened to muslims in Span after 400 yrs, n Sicily after 300 yrs, Portugal, Greece, Serbia, Bulgaria. Xenophic attitudes fo christains is what we are still facing.
Aslm does Zakaat be given from one interest money????
No
Still dont know if I have to pay ghe zakah on the worth of last year or present day. And owe the state 10.000€ they gave me for studying. But I have to pay it back in 6 Years. U said money i owe in this year can i take to minimize my zakatable money. But whats the evidence for that.
page not found
@ 4:15 ...different for Hanafis
True
@@IFGuru nice video tho..ma sha Allah
What if the person is in debt does he or she need to pay zakat?
Depends when that debt is due. You can deduct if due next 12m