QUESTION: In a business partnership, Party A invested 25% capital and does labour. Party B invested 75% capital and does no labour. Their agreement is 50% sharing in profits and losses. They give 100 000 in Zakaah of stock. How is the Zakaah proportioned? ANSWER:...
QUESTION: A certain family has a fund into which various family members contribute. The funds are used for family reunions which are held every few years. Should they pay Zakaah on the amount that has been accumulated? ANSWER: If the money is accessible to the family...
QUESTION: I received a bracelet as a gift. According to the information on the box, it states, "...plated with real silver...". Is Zakaah payable on such an item? ANSWER: Silver plating is the method of applying a thin layer of pure silver over some other metal. If...
QUESTION: A person owns a share in a house valued at R500 000, subject to a rent-to-own/buy agreement with his sister. He is being considered for placement at an old-age home. He receives R7000 per month from his sister, while the cost of residence at the old-age home...
Q1. Some cattle were given to me by the Department of Agriculture on a farm that was leased by the government. I took over the farm on the 25th of July. Thereafter I traded some cattle and kept some back. After a few incidents in March the following year, I decided...
QUESTION: Is Zakaah payable on 9 carat gold? ANSWER: 9 carat gold contains 37.5% of gold. This means that jewellery made of 9 carat gold contains 62.5% of other metals. Therefore, since the other metals are more than the gold, there is no Zakaah payable on 9 carat...
QUESTION: An applicant has applied to a Zakaah organization for assistance. The applicant has borrowed a sum of R800 000 to someone and has requested him to pay it back. The debtor isn't able to pay him back at the moment. The applicant has not written off the debt...
QUESTION: A person has an investment of R350 000 with Al Mabroor, who is now under business rescue. He is almost certain he will lose the money, and has approached our Zakaah organization for assistance. How do we proceed in calculating eligibility? ANSWER: Due to the...