• Prayers & Duties >> Zakat & Charity

    Question ID: 8478Country: India

    Title: assalamu alaikum, 1.to caculating zakat rate of gold/silver a)market rate at time of zakat b)or rate on which we can sale the gold because they pay rate after 10% deduction. 2.If i purchase a plot for pupose of home or sale when i got good rate . in case of saling plot is zakat applicable. 3. is it necessary for a shopkeeper to caculate value of all his goods which is in his shop for zakat. 4. zakat applicable on rent recived from a house, but if some body fooding and other expense run on rent income salary then is zakat farz.

    Question: assalamu alaikum, 1.to caculating zakat rate of gold/silver a)market rate at time of zakat b)or rate on which we can sale the gold because they pay rate after 10% deduction. 2.If i purchase a plot for pupose of home or sale when i got good rate . in case of saling plot is zakat applicable. 3. is it necessary for a shopkeeper to caculate value of all his goods which is in his shop for zakat. 4. zakat applicable on rent recived from a house, but if some body fooding and other expense run on rent income salary then is zakat farz.

    Answer ID: 8478

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 2271/1867=B/1429)

     

    (1) One will have to evaluate gold and silver as per the market rate at the time of zakah, it is not right to calculate it by deducting 10%.

    (2) If you sold it and the amount came in your possession, then you will have to pay its zakah at the time of paying the zakah of other money you have after passing one year.

    (3) Yes, it is necessary provided the counting is possible.

    (4) Whether it is the income from house or shop or it is salary, if it reaches to nisab (the amount prescribed liable for zakah), then it is obligatory for one to give its fortieth part as zakah.

     

     

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India