Money

Slmz Is like to know if you are suppose to take out zakaat on silver jewellery aswell? If so howmuch do you hav to pay?     Read More »

السلام عليكم و رحمة الله و بركاتهُ.   Respected Mufti I made a purchase of bottles at a muslim owned shop. The price was marked at R9. 95. I bought a quantity of 36 bottles. When I saw my cash sale slip I noticed that I had been charged R10. 00 per bottle. Is it permissable for the store to ... Read More »

As salaamuailaikum When my mother got married 23  years ago her inlaws gave her jewellery but after a few days they took it back from her …. The jewellery was no longer in her possession. Early this year the jewellery was returned back to my mother. Must my mother pay the zakaat for the jewellery for all the previous years ... Read More »

As-salaam-u-alaikum I have a few questions  to ask you Inshallah 1) Will the amount of zakaat owed on 3 gold coins be the same for each?They all weigh the same however due to the different types of coins their monetary  values differ. 2) I have recently taken out a loan, do I now subtract the amount of money borrowed from ... Read More »

Slmz Moulana, can interest money be utilised to purchase food for people of somalia, pay tv license and traffic fines as well?         Read More »

السلام عليكم I want to open up savings accounts for my children with a bank that has the least bank charges. Most have kids savings accounts, some of them incur interest. Can I open up such an account, incur the interest and use that money to pay off fines etc? Obviously care would be taken not to spend off that ... Read More »

Aslm. For zakaah calculation: does a piece of jewellery have to be in your possession for 1 year before you need to pay zakaah on it? Jzk         Read More »

Salaams can I give my fitra to organisations that is feeding the people of somalia ?         Read More »

When a husband and wife are equal partners in a business, but their zakaat date is different (eg. Husbands zakaat anniversary is 1st Ramadhaan and hers is on 15th Shawaal) must stock take, be done on both days and half of that amount be given for zakaat on those respective days?         Read More »

Since a month now, I began working in Forex Trading, and after investigation and research, it became clear that most Fatawa deprive usury out of suspicion, with the knowledge that I have found fatwas also permitted it but they’re few, where I decided after long thinking to leave this forex until it becomes clear. My question is : Can I ... Read More »