Zakat & Charity · Subtopic
Business Stock, Shares & Savings
278 fatawa from 8 South African Darul Iftas on Business Stock, Shares & Savings, part of Zakat & Charity. Newest first; every fatwa links to the page where its Darul Ifta published it.
Subtopics are grouped from each Darul Ifta’s own categories and the fatwa titles, so the count is approximate.
By Darul Ifta
Business Stock, Shares & Savings fatawa — page 2 of 7
- Ask Imaam26 Nov 2023
Is it permissible to sell stock not in my possession?
My question is regarding selling stock that i do not own. I have a small ecommerce business , on this business i want to list items for example i…
Saad Haque - Ask Imaam25 Nov 2023
Zakat on savings
Assalam Alaikum. Subject - Zakah while saving to buy a house. Ramadhan Kareem. I am from India. My question - I am currently living in my Brothers…
Bilal Yusuf Pandor - Azaadville25 Oct 2023
Zakaat On Old Stock
I have my own business and never paid zakaat as my business was in debt most of the time and I never had money laying for more than one year. I was…
- Azaadville4 Oct 2023
Zakaat On A Pension Fund
It is compulsory for employees to invest a portion of their salaries in a Pension Fund. After retirement, employees have access to one third of the…
- Ask Imaam9 Sep 2023
Is Zakat calculated on debts that were written off?
We have a hefty MRA assessment which we are trying to negotiate. At present it's a creditor, we are not going to pay what they are asking for…
- Ibn Masood15 Aug 2023
Zakaah on provident funds
With regards to the question on a provident fund where the wife becomes the beneficiary, is Zakaat payable on receipt of the funds, or is there no…
Maulana Abdul Kader Fazlani - Ibn Masood29 Apr 2023
Zakaat on shares and raw materials
1. If a person is selling products, would they have to pay Zakaat on the raw materials stored for making the products? If so, what price would they…
Mufti Abdur Rahman Abdur Razak - Ibn Masood10 Apr 2023
Debtor offsetting his debt with creditor’s Zakaat
Please could Muftisaheb assist with regards to the following scenario: Person A loans a sum of money to Person B. After some time, Person A informs…
Mufti Mohammed Desai - Ibn Masood27 Mar 2023
Zakaat on shares in a company
A person purchased shares in a company. Does he calculate Zakaat on the amount at which he purchased the share, or the current value?
Mufti Mohammed Desai - Ibn Masood6 Mar 2023
Zakaat on long term debts
If you have a loan of R10 million and paying it off at R20 000 a month, how do you calculate your Zakaat?
Mufti Mohammed Desai - Mufti Online18 Feb 2023
Calculating zakaat on trading stock
1. Is zakaah payable on trading stocks? 2. How do you calculate it?
Mufti Ebrahim Salejee - Azaadville15 Feb 2023
Zakaat On Livestock
Is there a difference for discharging zakaat on livestock, between those fed in the public fields and those fed with the feed purchased by the owner?
- Azaadville11 Feb 2023
Personal Zakaat Calculation While Being A Partner In A Business
A person has personal wealth over the value of Nisaab, and is eligible for zakaat in his personal capacity. However he is also a partner…
- Mufti Online6 Feb 2023
Accepting gifts from organizations that collect zakaat
Each year we give zakaat to certain people or organisations. When they come to collect the zakaat the following year, they always bring along a gift…
Mufti Zakaria Makada - Mufti Online6 Feb 2023
Zakaat on a collateral
Ahmad loaned Cassim R100 000 in cash. Cassim gave 2 kruger coins as a security on the loan (todays value approximately R56 000). Who pays zakaat on…
Mufti Zakaria Makada - Mufti Online28 Jan 2023
Accepting money as a gift that was supposed to be given in charity
1. My mother wants to offer me her money which she says is earned by halaal means by selling her land. However, I have a doubt in my heart that the…
Mufti Zakaria Makada - Ask Imaam21 Jan 2023
Zakat on Shares
Salaams. My company had given me shares (involuntary), around 2010. Ive never even really knew how much was it and actually didn’t bother to check…
Bilal Yusuf Pandor - Azaadville16 Jan 2023
Zakaat On Bad Debts
I would like to ask the ruling of paying Zakaat on bad debts ? By bad debts I refer to such loans of money which a person gave to someone but has no…
- Azaadville12 Dec 2022
Zakaat On Dead Stock
I was told recently that I was supposed to pay zakaat on old stock? I urgently need clarity.
- Azaadville17 Oct 2022
Zakaat On Livestock
Kindly enlighten on the importance of zakaat on livestock. Also, explain in detail the zakaah of cattle sheep goats and wild game. It would really…
- Azaadville13 Sep 2022
Waiving A Debt As A Form Of Discharging Zakaat
If someone owes me money, can I forgive him to make it my zakat payment?
- Mufti Online4 Sep 2022
Zakaat for a person whose debts are more than his assets
I have wealth more than nisaab (R50 000) that makes zakaat compulsory upon myself. I took a loan from a relative (R1.2m) to purchase a house. I will…
Mufti Zakaria Makada - Azaadville5 Aug 2022
Settling Debts Of Another As A Form Of Charity
If I pay my father’s debts while he is alive, is it considered charity? As I have made an intention to give a percentage of my income to charity.
- Azaadville28 May 2022
Discharging Zakaat With Redundant Stock
I would like to know if you can give redundant or obsolete stock as part of your Zakaat disbursement?
- Mufti Online11 May 2022
Accepting lillah if a person has savings
May someone who has savings amounting to about 400k accept lillah and if so, will they be sinful for doing so? The person is a widow with a 16 year…
Mufti Ebrahim Salejee - Ibn Masood14 Apr 2022
Zakaat on retirement annuity
Is retirement annuity Zakaatable?
Mufti Mohammed Desai - Azaadville30 Mar 2022
Discharging Zakaat While In Debt
If I owe somebody R136000 and somebody owes me R133000, how should I calculate Zakaat?
- Azaadville19 Mar 2022
Zakaat On An Intermediary Debt
A few years ago I sold my share of our family home which I received as inheritance when our marhoom Mother passed away to my younger brother. The…
- Azaadville17 Mar 2022
Discharging Zakaat With A Debt
I borrowed somebody money when the time to pay me back came I just told that person to give that money on my behalf as my zakaat …. Is my zakaat done?
- Ask Imaam1 Mar 2022
If Am’r forgives the debt with the intention of zakaat, will the Zakaat of Am'r be discharged in this manner?
Zaid owes R200, 00 to Am’r, Zaid is unable to pay the debt. And his financial situation is such that he is eligible to accept zakaat, so if Am’r…
M. Akhtar - Ibn Masood26 Feb 2022
Zakaat on pension payout
A person receives 1/3 of his pension payout. The remaining 2/3 of the fund will be paid to him on a monthly basis. He is not permitted to remove the…
Mufti Mohammed Desai - Ask Imaam24 Jan 2022
Giving Zakaat to aged father in law who is in debt
As-salaamu-alaikum Can I give zakaat to my aged father-in-law? He has a paid-up house but has incurred debts in the shop due to business being very…
Safwaan Navlakhi - Azaadville13 Jan 2022
Zakaat On Savings
I live with my parents and i’m working also. Whatever salary I get, I save that. and so, I do not have to pay for any other expenses. 1 year has…
- Ask Imaam11 Dec 2021
Paying debts with money set aside for Sadaqah
I set aside some money every month to give to Sadaqah. However, I have fallen in a small debt. I wanted to know if I can use the money I set aside…
Hasan Ahmed Razzak - Azaadville29 Nov 2021
Zakaat On Provident Funds
Zakaat on a provident fund – if possible, could you please assist in advising whether it is payable or not?
- Azaadville27 Nov 2021
Zakaat On Debts Not Waivered
There are some outstanding monies that someone owes me (around R7000). This is monies owing from 2 or 3 years. At that time, I knew that he cannot…
- Ibn Masood26 Nov 2021
Zakaat on investments
Is Zakaat payable on investments?
Mufti Mohammed Desai - Azaadville24 Nov 2021
Giving Charity While In Debt
I would like to know if a person is owing the bank money on his credit card but still wants to give big amounts on voluntary charity, what can his…
- Azaadville22 Nov 2021
Zakaat On A Pension Payout
We have received a lump sum pension payout last year july / august i would like to find out when would zakaat be payable on the money. We usually…
- Azaadville19 Nov 2021
Zakaat On A Pension Fund
Somebody retired from teaching at a government school. He received his pension payout in this way that they paid him one third of it, and the…
Read-only index of fatawa already published by South African Darul Iftas, each linked to its original. Not a fatwa service — for your own situation, ask the issuing Darul Ifta.