Aug
22
2011
0

Some important points related to Zakat

Summary

For a common person (one who is not involved in livestock or agriculture) all that needs to be taken into account for Zakah calculation is the following:

The amount of cash owned (be it on person, in the bank, or loaned out. This can be money earned or income from additional house, properties etc.) as well as the value of any gold or silver jewelry owned, (necklaces, watches, etc. but not the gems or stones within them), and also, if one is involved in trade, then the value of one’s stock/merchandise at that time constitutes one’s accountable total.

Aug
20
2011
1

Amount of Zakat

The amount of Zakah payable is two and a half percent (2.5%), or 40th portion of:

1. the value of gold and silver if it is equivalent to nisaab or above it.

2. trading stocks, or its value at the time of obligation of payment of Zakah, if the stock is equal to nisaab.

3. cash on hand if equal to nisaab.

Zakah on gold and silver

• Gold and silver are subject to Zakah regardless of whether they are owned for personal use or otherwise if the weight thereof equals the prescribed nisaab and one year elapses thereon. Gold and silver are also always liable to Zakah irrespective of the asset type (gold bar, jewellery, ingot, coin etc.)

Feb
28
2011
0

Bilqîs

She was the queen of Saba. An animal by the name of Hudhud informed Sulaymân ‘alayhis salâm that he came across a queen who worships the sun. Sulaymân ‘alayhis salâm wrote a letter and asked Hudhud to hand it over to her. The following was written in the letter: “Accept Islam and come to me.” She consulted her ministers and governors and eventually made the following decision: “I will send many rare gifts to him. If he accepts them, I will conclude that he is a worldly king. If he does not accept them, I will conclude that he is a prophet.” When these gifts were given to Sulaymân ‘alayhis salâm, he returned them and sent a message that if you do not become Muslims, I will come with my army to fight you. When she received this message, she was convinced that he is a prophet. She left her city with the intention of becoming a Muslim.

Aug
09
2010
0

Women Of Wonder

In Suraah Ahzaab, Allah Ta`ala has mentioned the following ten qualities which every Muslim should strive to inculcate in themselves. The woman of Jannah is one who has the following qualities:

1.           She is a Muslimah: She readily, willingly and cheerfully submits to Allah’s commands. She does not question the wisdom of the Shariah. “Men have charge over women” says Allah. The woman of wonder does not believe in “gender equality, etc.” and does not suffer from an inferior complex, as she is fully aware that in her role as a home executive she gains the Pleasure of Allah Ta`ala.

Feb
06
2010
0

Concise and foremost counsels Part 6

Hadrat Abu Zarr Ghifari (Radi Allaahu Ta’ala Anhu) narrated that my beloved friend has specially recommended the following seven things.

1. Loving the needy and destitute,

2. Looking towards those who are below me (i.e. those who do not possess as much as I have) and should not look towards those who are above me (i.e. those who have much more provision for worldly life than I have). In some traditions it has been reported that by doing so a habit of patience and thankfulness is created and it is evident also.

Design: TheBuckmaker.com WordPress Themes