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Zakat As An Allowable Tax Deduction
Depending on the tax jurisdiction, from a Shariah perspective it would be permissible to deduct...
 
Setting Off Losses With Zakat
Regardless of one's losses (e.g. in stock market investing, real estate speculation, business ventures, etc.), one is obligated to pay zakat on the entire net amount (i.e. zakatable property less current liabilities); losses may not be cal...
 
Nisab Fluctuations During The Year
Zakat is due even if one's property value falls below th...
 
Zakat Al-Fitr On Behalf Of Dependants
One is only obligated to pay zakat al-fitr for oneself, not on behalf of those dependents one is obligated to support, though if the dependent exceeds the ...
 
Zakat Calculation
The zakat for the previous lunar year ...
 
Zakat Eligibility
If she is being supported by her husban...
 
Zakat To Individuals Exceeding Nisab
Individuals exceeding the nisab may not receive zakat unless they are: 1) zakat collectors; 2) of those whose hearts are to be won over; 3) a slave seeking ransom (w...
 
Zakat Amount In Relation To Nisab
Zakat is due on the full amount of the above properti...
 
Zakat On Corporate Equity
...
 
Value Assessment Of Tradable Goods For Zakat
Tradable goods are assessed at the end of every zakat year according to their current market value rather than their historical cost basis (i.e. the original price of the asset). The current market value of tradable goods is measured as their market value if all th...
 
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