Aug 15, 2021 | Zakat (Charity)
Question Assalamu alaikum 1)I have invested some amount on a company since 2019 on profit share basis . I have not received any profit in my hand till now even though profit is reflecting in accounting. Should i have to pay zakat on the accounted profit or on the...
Aug 15, 2021 | Zakat (Charity)
Question Salaam and Ramadan Kareem, Having watched Mufti’s video re mortgages and long term loans https://youtu.be/ZbMkUhyt4ag I had a query. I have an offset mortgage account and have some funds in their which I intended to utilise to pay off some of my...
Aug 15, 2021 | Zakat (Charity)
Question As Salamu ‘Alaykum I would like to explain my question with the following example, Lets assume, I invested in ABC company stocks worth $100. After couple months, I sold all ABC stocks (this was a short term investment). I recieved $300 for my $100...
Aug 5, 2021 | Zakat (Charity)
Question Assalamualykum, If my total asset worth for Zakat is £5,000 and I have £9,250 student finance debt, would I pay no zakat as I am in overall negative equity? Or are we not able to include student finance debt in our calculations and so would pay zakat on...
Jul 2, 2021 | Zakat (Charity)
Question Assalamualaikum. Please help me with a question regarding Zakat on long term(15 year) plus investments. The investment is managed by a fund manager. The money would be invested in bonds and equities but not shares.The purpose of the investment is to generate...
