Rulings Related to Zakat on Shares
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Can I Give Zakat to Immediate Relatives or a Mosque?
Can I Give Zakat to Immediate Relatives or a Mosque? You can pay zakat to any relative who is not: Your parent, grandparent and ascending Your child, grandchild and descending Your spouse As for all other relatives then it is not only permissible, but better to pay zakat to themContinue Reading…
Zakat: How to Calculate & Whom to Give
Zakat is due on a yearly basis when a morally-responsible Muslim possesses the minimal zakatable-amount (nisab) above and beyond his debts and immediate expenses, and a complete lunar year passes over it. In calculating one’s Zakat one calculates all his zakatable assets together. “Zakatable assets” include: (a) Cash – whetherContinue Reading…
