Some important points related to Zakat


A Guide to Zakah - Understanding & Calculation, Fiqh

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.

August 22, 2011

Zakatable Assets


A Guide to Zakah - Understanding & Calculation, Fiqh

Allah Ta’ala has put the most minimum burden of monetary obligations on Muslims so that paying Zakah becomes convenient for every sahib-un-nisaab Muslim.

Firstly, it is not obligatory to pay Zakah on every asset. Rather only those assets are the subject matter of Zakah that have the potential of growth or increase. These assets may be broadly classified as follows:

1- Trading assets.

2- Cash & Cash Equivalent (like prize bonds, Travelers Checks etc)

3- Gold and silver

4- Livestock (goats, sheep, cows and camels)

5- Agricultural output.

August 19, 2011

DUA FOR BARAKAH IN PRODUCE AND LIVESTOCK ETC.


Duas, Remedies from Holy Quran

اللَّهُ الَّذِي خَلَقَ السَّمَوَاتِ وَالأَرْضَ وَأَنزَلَ مِنْ السَّمَاءِ مَاءً فَأَخْرَجَ بِهِ مِنْ الثَّمَرَاتِ رِزْقاً لَكُمْ وَسَخَّرَ لَكُمْ الْفُلْكَ لِتَجْرِيَ فِي الْبَحْرِ بِأَمْرِهِ وَسَخَّرَ لَكُمْ الأَنهَارَ

وَسَخَّرَ لَكُمْ الشَّمْسَ وَالْقَمَرَ دَائِبَيْنِ وَسَخَّرَ لَكُمْ اللَّيْلَ وَالنَّهَارَ

وَآتَاكُمْ مِنْ كُلِّ مَا سَأَلْتُمُوهُ وَإِنْ تَعُدُّوا نِعْمَةَ اللَّهِ لا تُحْصُوهَا إِنَّ الإِنسَانَ لَظَلُومٌ كَفَّارٌ

Allah is the One who created the heavens and the earth and sent down water from the sky, then brought forth with it sustenance for you from the produce, and subjugated for you the ships, so that they may sail in the sea with His command, and subjugated for you the rivers;

September 8, 2010

Zakât on Livestock


Bahishti Zewar, Fiqh, Part 3-Fasting, Zakaat, Qurbani, Hajj etc.

  1. The passing of one
    full year is a prerequisite for zakât on all livestock.

  2. Zakât is fard
    on livestock. Livestock refers to the animal in which the following factors are
    found:

  1. It must graze freely
    for a major portion of the year. It must not be fed in its stable. If it spends
    half the year grazing freely and half the year in it’s stable; it will not be
    regarded as livestock. Similarly, if hay or straw is brought to its stable and
    it feeds on that hay or straw, it will not be regarded as livestock irrespective
    of whether this hay or straw was purchased or not.

  2. It must be kept for
    its milk, for the purpose of pro-creation, or in order to fatten it. If it is
    not kept for any of these purposes, and instead, is kept for its meat or as a
    means of transportation, it will not be regarded as livestock.

August 31, 2008