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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?
ОтветитьCan i give 10 million$ zakat?
ОтветитьJazakumAllahu 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.
ОтветитьMay Allah bless you akhi 🥰, but mute the music, so you don’t get sins.
ОтветитьI want to become very wealthy in akhira also. I want to be a neki trillionaire there 😅
ОтветитьI think zakat is a really interesting topic, in fact, I believe it brings great relief to people in great need, so kudos
ОтветитьIsn't zakat the 4rth pillar?
Thanks for the information
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 ?
ОтветитьAsslamu Alaikum, Can you please explain why 25% of total stocks is zakatable? Why not 100% of it?
ОтветитьMy point is, why has Islam invested all that Zakat and not given it to the poor?
If all the $4 Trillion were given to the poor, 'every poor person in the world' would get the equivalent of $80,000.
Why has Islam invested it for a massive profit?
Is Islam just a huge money making scam?
Will it ever give the money to the poor?
Jazak Allah Khair, one little correction if you have a property for rent, you pay zakat on the rent it it above nisab.
ОтветитьKindly make it clear what gold or silver one wears should also included in zakat
ОтветитьIs personal injury compensation Zakatable?
ОтветитьIs 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?
ОтветитьMy wife has 20 ounce(tola) gold. We paid zakat on first year. Is it payable for every year?
ОтветитьBrother. 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?
ОтветитьWell that was a complete waste of time!
ОтветитьMuhammad Qasim has seen that closer to the end of times, many wars will be imposed against Islam and Muslims, and many people will be in despair. What is the future of Islam? Learn why Muhammad Qasim’s dreams are important. Qasim Dreams Come True
ОтветитьThank you, brother, you have eased the job.
ОтветитьWhy and Who should pay Zakat
Zakat must be paid by a muslim adult who does not suffer from insanity and has assets are than the nisab threshold.
It should be noted that in Shafi, Maliki and Hanbali that caretakers of children and the insane are responsible for paying their zakat if their assets are above the nisab.
Zakat is a system that helps Muslims at large. It promotes goodness and generosity. By taking from the excess wealth of the rich and giving it to the needy a balance is created through the economy which creates stability and happiness. In the end Insha Allah we will be rewarded by Allah swt for following through with this ruling which has been made obligatory upon us.
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?
ОтветитьIf 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 🤯
What are the rules for special needs trust fund where one doesn’t have any control over where the money is invested?
ОтветитьWhat 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.
ОтветитьZakat 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!
ОтветитьSalam 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?
ОтветитьToo complicating
ОтветитьI gave up when he mentioned Stocks trading, which on Scholarly concensus is Haraam. If you earn haraam money, sorry zakat wont help you.
ОтветитьBrother, 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.
ОтветитьHello, 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.
ОтветитьThe links for telegram are not working
ОтветитьBrother 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. 👍👍👍
ОтветитьHow did you come to this conclusion that only 25% of a basket fund is Zakatable? Please share your references.
ОтветитьWhat a load of nonsense. 💯 Charity is the closest you can get to donating you money to the correct place. These so called managed charities that spend on marketing and administration and management etc are a load of bull.
ОтветитьAlso if you try various online calculators, you get different figures
ОтветитьIs zakat due on jewellery that is not worn? Basically saved for a future wedding of a daughter etc
ОтветитьI 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 ??
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.
ОтветитьWhat about pensions that you dont receive yet?
ОтветитьAnd name of bank. How does that make a difference
ОтветитьJust signed up to the calculator. Why do you ask for bank details
ОтветитьFor 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.
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
jazakallah khair, what about rental income and vacant land and if that land is bought on loan?
ОтветитьWhat I have learnt is, Zakat is applicable on total GOLD and SILVER you own even if you are using it and wearing daily.
ОтветитьIm 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?
ОтветитьBitcoin is non zakatable
ОтветитьMuhammad Qasim has seen the events leading up to Qiyamah, including World War 3, Ghazwa e Hind, Arrival of Dajjal, Return of ESA AS, release of Yajuj and Majuj, and the time of Imam Mahdi. I think he will be the future Imam Al-Mahdi.
ОтветитьCan 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?
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