Zakat

Zakah (Religious tax): Religious tax. An obligatory contribution which every wealthy Muslim is required to pay to the Islamic state or to distribute amongst the poor. According to Islam, zakat, which is the third pillar of Islam, purifies wealth and souls. Zakat is levied on cash, cattle, agricultural produce, minerals, and capital invested in business. Although there is a modern opinion that includes industrial capital in zakatable wealth, it is not the majority opinion. There are two types of zakat: zakat al fitr, which is payable by every Muslim who is able to pay at the end of Ramadan. This is also called zakah al-nafs (poll tax). Zakah al-mal is an annual levy on the wealth of a Muslim above a certain level. The rate paid differs according to the type of property owned.


Leasing Fund: Calculating Zakah
Leasing Investment Formula
Resolution No. 2: Zakah of Non-Fungible Objects and Lands Which Are Leased Out And Not Cultivated
Zakah on Leased Asset
Zakah on The Assets of a Factory
What Should Be Done with Small Cheques Issued to Accountholders Who Cannot Be Located or Contacted?
RESOLUTION No. 76/7/8: PROBLEMS OF ISLAMIC BANKS
SETTING TRADERS’ PROFITS by Dr Yūsuf al-Qaraḍāwī
قرار رقم: 165 (3/18) بشأن تفعيل دور الزكاة في مكافحة الفقر وتنظيم جمعها وصرفها بالاستفادة من الاجتهادات الفقهية
قرار رقم 143 (1/16) بشأن زكاة الحسابات المقيدة وشركات التأمين الإسلامية والتأمينات النقدية ومكافآت نهاية الخدمة
الصرف من صندوق الإيرادات قيد التصفية على موظفي البنك
إخراج الزكاة في حالة التأجير المنتهي بالتمليك
دفع الزكاة عن أرباح أموال المساهمين أو الاحتياطيات
Resolution No. 28 (3/4): Zakah Of Corporate Shares
Bonds, Interest Deposits And Unlawful Properties
Resolution No. 2 (2/2): Concerning Zakah on Real Estate and Non-Agricultural Leased Land
Resolution No. 1 (1/2): Concerning the Zakah of Debts
An Islamic Bank Contribute to a Charitable Project from Its Profits or Zakah Fund?
Is It Allowed to Invest Zakah Funds?
Must the Creditor Pay Zakah on Outstanding Debts?
Can Waiving a Debt Be Considered Payment of Zakah?
Who is Responsible to Pay Zakah in a Profit-Sharing Partnership?
What is the Starting Time in Calculating Zakah for an Amount Added to a Bank’s Reserve Fund and for the Issuance Premium?
Is Zakah Due on a Piece of Land if the Owner Plans to Build on It in the Future?
How to Calculate the Zakah of Shares?
How Should Zakah Be Calculated for the Solar Year?
What Is the Amount of Zakah that must be Paid by the Owners of a Fund’s Units?
Resolution No. 120 (2/13): Zakah on Agriculture
Resolution No. 121 (3/13): Zakah on Stocks Acquired for Investment
What is the Shariah Ruling in the Earnest Money Left by the Buyer?
Bayaran Zakat Kumpulan Wang Simpanan Pekerja (KWSP) Sejurus Pengeluaran - Satu Alternatif
Zakat Wang KWSP
Fatwa Tentang Kaedah Pembayaran Zakat KWSP
Menentukan Satu Kaedah Tetap Bagi Zakat KWSP
What is the Ruling on Spending zakat Funds to Print Academic Thesis on Islamic Banking?
What is the Ruling on Investing zakat Funds, Funds from Dormant Accounts or Those Tainted by riba or Suspected of Being Tainted by riba?
What is the Ruling on Spending zakat Funds on Printing an English Translation of a Religious Book?
What is the Ruling on Investing zakat Funds, Funds from Closed Accounts or Those Tainted by riba or Suspected of Being Tainted by riba?
Does the Unpaid Zakat on the Company’s Reserves for All Proceeding Years Considered a Debt Owed by the Company, and What Does the Extra Amount Paid as a Result of an Accounting Error Considered?
Is it Allowed to Spend Zakat Funds on Medical Activities to Relieve the Difficulties of the Poor as Well as Others?
Is it Allowed to Spend Zakat Funds to Purchase Special Medical Equipment to a School that Cares for Mentally Impaired Children?
Is it Allowed to Give Zakat Funds to Charitable Organizations Specialized in Providing Medical and Humanitarian Aid to the Poor, Disabled and the Retired?
Is it Allowed to Use zakat Funds to Build a Drug Rehabilitation Center or Any Other Kind of Hospital?
What is the Ruling on the zakat of Shares Representing Debts, Money and Commercial Commodities?
What is the Ruling on the zakat on Financial Portfolios that Represent Funds for Investment in Foreign Currency Exchange?
Is it Allowed to Give Zakat Funds to the Patient Aid Fund?
What is the Ruling on zakat on a Real Estate Portfolio Whose Activity Centers on Purchasing and Developing Lands and then Selling the Developed Lands?
What is the Ruling on Zakat on KFH’s Shares Offered to its Employees?
What is the Ruling on Investing Zakat Funds and Who is Liable if There’s Loss or Harm?
Is it Allowed to Use Zakat Funds to Give Qard Hasan from these Funds to the Company’s Employees that Are in Need of Financial Assistance?
Is it Allowed for KFH to Give Zakat Funds to an Employee Who is Heavily Indebted?
Is it Allowed to Use Zakat Funds to Pay the Company’s Obligatory Contribution to the National Labor Support Fund that Aim at Supporting Private Employees and Unemployed People?
Is it Allowed for the Creditor to Pay the Debtor Any Amount from the Creditor’s Zakat Funds in Order for the Debtor to Pay the Debt Owed to the Creditor?
Are waqf Assets Invested in Joint Stock Companies and Others Liable for Zakat?
Is Zakat Payable on Waqf Profits Allocated for Reserves?
What Entity is Responsible for Paying Zakat Providing that A Company Acts as the Manager of Another that Represents the Shareholders?
What Entity is Responsible for Paying Zakat Providing that the Mother Company Consists of More than 30 Subsidiary Companies?
Is it Possible to Review the Zakat Calculation on the Reserves to Include the Zakat in the Company’s Financial Statement?
What is the Ruling on Paying Zakat Funds to the Ministry of Health in Order to Set Up a Number of Needed Medical Centers Across the Country?
Is the Advance Rent Considered an Invested Fund that is Subject to Zakat Providing that the Owner Promised the Tenant to Sell the Real Estate at the End of the Lease Term?
How to Calculate the Zakat on the Bank’s Items Such as Current Account, Investment Savings Accounts, Investment Deposit Accounts and Other Items?
What is the Ruling on Paying Zakat Funds to Kuwait Heart Foundation (KHF) and Takaful Prisoners Care Fund (TPCF)?
What is the Ruling on Paying Zakat Funds to Handicapped Children Whose Financial Situation Does Not Enable Them to Enroll in Private Schools?
What’s the Shariah Opinion Regarding the Payment of Zakah on Shares of KFH Owned by KFH’s Employees?
RESOLUTION No. 1 (1/2): ZAKAT ON DEBTS
RESOLUTION No. 2 (2/2): ZAKAT REAL ESTATES AND RENTED NON AGRICULTURAL LANDS
RESOLUTION No. 14 (2-3): ZAKAT ON COMPANY SHARES
RESOLUTION No. 15 (3-3): INVESTMENT OF ZAKAT FUNDS IN PROFIT GENERATING PROJECTS WITHOUT ATTRIBUTING INDIVIDUAL PROPERTY TITLE TO THE BENEFICIARY
RESOLUTION No. 20 (8-3): PAYMENT OF ZAKAT TO THE ISLAMIC SOLIDARITY FUND
RESOLUTION No. 27 (2/4): PAYMENT OF ZAKAT IN FAVOUR OF THE ISLAMIC SOLIDARITY FUND AND ITS WAOF
RESOLUTION No. 28 (3/4): PAYMENT OF ZAKAT ON COMPANY SHARES

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