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Answers: 13Subcategories: 2On What is Zakah Due
How to Calculate Zakah on Gold
The Nisab for Zakah on pure (24 karat) gold is 85 grams. To calculate Zakah on gold, the number of grams is multiplied by the caratage, then divided by 24. The resulting figure represents the pure, 24 karat gold. If that number reaches 85 grams or more, then Zakah must be given on it, at the rate of 2.5%.13,447Is the Nisab for Paper Money Based on Silver or Gold?
The correct view is that the minimum threshold (Nisab) for paper money is based on silver, not gold, because that is in the best interests of the poor. The minimum threshold for silver is 595 grams. So whoever has cash that is equivalent in value to that must give Zakah on it.12,136Is zakah due on a down payment?
1,995Zakah on jewellery made from alloys of gold
4,503He has shares that he intends to keep, but he may sell them if he needs the money or if the prices of the shares rise. How should he pay zakaah on them?
2,193He owes delayed zakaah and the value of the currency has dropped. Does he have to give more, taking into account the drop in value?
1,840He ended the partnership, and he had some goods; he agreed to receive payment for them over several years. Does he have to pay zakah on them?
2,839Should he pay zakah on the profits on goods even though he has not received them because they have been recorded as a debt owed by his partners?
2,228Zakah for past years, and on shares in the event of a loss
22,619Investment in Forex Trading
There is nothing wrong with giving money to the company to trade in currencies with it, on the basis that the company will have 20% and the remainder will go to the shareholders.15,642
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