Debt and Zakat
401 questions
How is Zakat on wealth calculated in personal finance that is used for trade, when there are installments not yet due?
Is it permissible to consider the amount owed to the father as the cost of furnishing the son's house to waive the zakat for three years? What is the ruling if the son later reclaims the amount and buys a ready-made house instead of furnishing his own? Is it permissible to pay zakat money to the father to settle a debt? Can the son keep a portion of the debt paid with zakat if the father later repays the full amount, knowing that the son's house is still under construction and that he contributes more than 50% of the father's household expenses?
What is the ruling on establishing a family cooperative fund based on an initial payment of 500 Saudi riyals annually for its foundation, and a monthly subscription of 100 Saudi riyals, aiming to provide interest-free benevolent loans to members two years after its establishment, in fulfillment of Allah's saying: "And cooperate in righteousness and piety, but do not cooperate in sin and aggression"? And is Zakat obligatory on this fund?
Is zakat obligatory on Taibah Company shares that have not yet been sold due to their low index, and how is zakat to be paid for past and future periods?
1. Is specifying a particular day for paying Zakat on money that fluctuates between decrease and increase during the Hijri year correct, and what is the proper procedure to clear one's liability in this case? 2. What is the ruling on Zakat for the deferred Mahr (dowry) that the wife has not yet received, and is it permissible for her to refrain from paying Zakat on it on the pretext that she does not actually own it or that it is not in her possession for investment? 3. How can the statement "If he has an item for personal use (Qinya) that he does not need, he should count it against the debt and pay Zakat on his money. If he does not have such an item that he does not need, then the debt is deducted from the Zakat" be explained in a simplified way? And what is the ruling on Zakat for the deferred Mahr to be paid by the husband if all the money is in his possession? Is it sufficient for him to pay Zakat on it once, or is Zakat also due on it from the wife every year, and who is responsible for paying it if the wife refuses?
Does Zakat become obligatory on the amount remaining with a debtor to a housing institution after making an initial payment?
Is zakat obligatory on money I loaned to my father—money that exceeds the nisab—provided that I will retrieve it in the form of real estate?
Is the price of the truck and the trailer to be deducted from the money on which a year has passed when calculating zakat, or is the amount of the trailer to be added to the money on which zakat is due, knowing that the payment for the trailer was delayed beyond the date zakat became due?
Is Zakat obligatory on the 103,000 remaining from a loan for a project that was not completed, knowing that the original loan was 116,000 and part of it was withdrawn out of necessity during the year?
Is it permissible to account for a previous debt from Zakat funds that have been set aside for a specific poor person, or for a widow with a small pension, knowing that the wife did so without the husband's knowledge?
Is Zakat obligatory on a deposited amount that ceased to yield profit for four years and was later reclaimed in installments?
Is it permissible to deduct the amount of Zakat from the debt owed by the maternal aunt with the intention of it being Zakat?
Is zakat due on stored merchandise, only small quantities of which have been sold, and which has achieved only a slight profit after a year, knowing that the profit only covers the shop's expenses?
Is zakat obligatory on money whose source is a debt that is still being paid off, knowing that part of it was lost in stocks and the other part was invested in a real estate partnership that will not be returned until after three years, and all the money was put into building a house, in addition to the existence of other debts?
How is Zakat on money paid if a year has passed, and you have remaining car installments equal to the value of the saved amount, in addition to a credit card secured by this amount?
How is Zakat to be paid on a sum of (47,000) borrowed from brothers who are unable to repay it except in widely spaced installments, and is Zakat to be paid again on the installments received if a year has passed over them?
When calculating Zakat on wealth, is the annual value or the quarterly payment for housing rent to be deducted?
Is a woman considered negligent in the sight of Allah if she donates monthly an amount ranging between 50 and 100 dinars, despite contributing to household expenses and paying off her husband's loan from her salary of 700 dinars, knowing that she donates the amount at the beginning of each month to the same needy individuals through her husband, and only donates a small amount for the rest of the month due to her work circumstances?
How is the zakat calculated for a sum of money that reached the nisab, then most of it was loaned out and returned after a period, and is gradually increasing?
Is it permissible to give zakat to an unemployed father who has no income but is supported by others, and to a grandmother who does not live with the zakat-payer and has no income?
Is zakat obligatory on a remaining amount from a Tawarruq loan invested in stocks, after it has been subjected to successive losses, while the loan installments continue, and how is the overdue zakat calculated to clear one's liability?
How can a young man repent from the usurious bank debt accumulated since 2007, which he is unable to repay and fears imprisonment for himself and his mother, and is it permissible for him to borrow again to avoid imprisonment?
Is Zakat obligatory on the owner who did not harvest his crop due to negligence or out of a desire for gain?
Is it permissible for the questioner's mother to give her Zakat al-mal to her nephew who is studying abroad at his own expense, knowing that his father is financially well-off but does not help him?