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Answers: 118On What is Zakah Due
- If someone buys shares with the intention of selling them, then their value drops below the purchase price, how should he give zakah on them?331
- What are the crop harvests on which zakah must be paid?1,217
- How should one who has invested in a hospital project that is still under construction give zakah?1,239
- Zakah is obligatory on all types of gold2,145
- Does she have to give zakah on the rent of the house?2,468
- He sold a share portfolio to be paid for in a year-and-a-half’s time; does he have to give zakah on it?1,238
- How to Calculate Zakah on GoldThe Nisab for Zakah on pure (24 karat) gold is 85 grams. To calculate Zakah on gold, the number of grams is multiplied by the caratage, then divided by 24. The resulting figure represents the pure, 24 karat gold. If that number reaches 85 grams or more, then Zakah must be given on it, at the rate of 2.5%.13,447
- Is the Nisab for Paper Money Based on Silver or Gold?The correct view is that the minimum threshold (Nisab) for paper money is based on silver, not gold, because that is in the best interests of the poor. The minimum threshold for silver is 595 grams. So whoever has cash that is equivalent in value to that must give Zakah on it.12,136
- Is zakah due on a down payment?1,995
- Zakah on jewellery made from alloys of gold4,503
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