Principles of Fiqh
How to Calculate Zakah on Money Earned during the Year
If the extra money earned during the year stems directly from the original amount, such as if the thousand was invested, and earned four thousand, then you should pay Zakah on the entire amount at the end of the year, because the profit on money is connected to the capital.SaveIs There Zakah on Livestock?
The an`am animals are camels, cattle and sheep. No zakah is due on any other animals unless they are for trade. The nisab of camels is five. The nisab for cattle is thirty. The nisab for sheep is forty.SaveIs There Zakah on Grains and Fruits?
1- Zakah must be paid on grains and fruits that can be measured and stored. It is not obligatory to give Zakah on grains and fruits unless they reach the minimum Nisab (minimum threshold) which is five Wasqs. 2- The rate of Zakah to be given on crops and fruit varies according to the method of irrigation. If it is irrigated by means of rainfall, rivers and springs, then the rate is one tenth. If it is irrigated by machines and other artificial means, then the rate is one half of one tenth.SaveIs There Zakah Due on Factory Products?
Zakah is due on the products that are ready for market, and also on the raw materials because they were bought with the intention of processing them and trading in them. Zakah must be paid on gold, silver and cash, and also on trade goods, livestock and anything extracted from the ground. Zakah must also be paid on the balances in the bank. Zakah must also be paid on debts that are owed to you by others.SaveZakah on Trade Goods and Shop Fittings
It is obligatory to pay zakah on trade goods. Fixtures that are not prepared for sale are not subject to zakah. It is permissible to pay zakah on trade goods in kind, and it does not have to be paid in cash. Zakah is to be paid on the sale price, not the purchase price.SaveHe Does Not Have Cash to Pay Zakah on Trade Goods
You must pay Zakah on the land which has been in your possession for a year. You have to determine the value of the land at the end of the year and pay one-quarter of ten percent. If you do not have cash to pay the Zakah on trade goods, then it becomes a debt that you owe and must be paid whenever possible.SaveHow 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%.SaveIs There Zakah on Saved Money?
You have to pay Zakah on the money that has been saved. You do not have to pay Zakah on the down payment because it is no longer in your possession since you gave it to the seller.SaveThe Difference between Zakah on Wealth and Zakat Al-Fitr
Zakah on wealth is one of the five pillars of Islam. Whoever denies it is a disbeliever and whoever withholds it is a rebellious evildoer. Zakat Al-Fitr is not one of the pillars of Islam, and the one who denies it is not a disbeliever.SaveWhat Is the Wisdom of Zakah?
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