2. 2
Targheeb and Tarheeb of
Zakat
Shaykh Tameem Ahmadi
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3. 3
Fiqh of Zakat
Mufti Nawaz Khan
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4. 4
Who is Required to pay Zakat?
Nisab : Amount of wealth which makes one liable for
Zakat.
Nisab Grams Ounce Troy Oz
Gold 20 mithqal 87.490 3.086 2.8125
Silver 200 dirhams 613.350 21.635 19.6875
Aug 11, 2012
Gold: $52/gram X 87.49 = $4549.48
Silver: $.98/gram x 613.35 = $601.23
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5. 5
What is the principle of
acquisition in the same class
during the lunar year?
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6. 6
Who is entitled to receive
Zakat?
Fuqaraa
Masakeen
Aamileen
Muallafatul Quloob
Ar-Riqaab
Ibnus-Sabeel
Al Ghaarimeen
Fi Sabeelillah
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7. 7
Who cannot be given Zakat?
Grandparents, Parents, ones Children,
Grandchildren, Husband, Wife
Institutions and organizations that plan on
using Zakat funds on construction,
investment and salaries
Non-Muslims
Giving to recipients without inquiry and
research
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8. 8
When is Zakat due?
A complete Islamic calendar year
(lunar)should pass starting from the very
day of the nisab’s possession
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9. 9
What kind of things require
paying Zakat on them?
Gold and silver
Cash, Stocks, Mutual Funds
Business Merchandise Inventory
Private companies, Corporations and Partnerships
Retirement Plans (401K, IRA, etc.)
Real Estate investment in property owning companies
Accounts Receivable
Profits from investments
Trusts
Lump Sum Payments in Terms of Compulsory Pension
Severance Packages
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10. 10
What kinds of things do not
require paying Zakat on
them?
Money that does not reach the amount
of Nisab
Property that is not used for Business
purposes
Products not of a productive nature
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11. 11
What is the method of giving
Zakat?
Intention for the fulfillment of Zakat
Not necessary to reveal Zakat is being given
Recipient needs to be made owner
If an agent/organization is given Zakat for
distribution and they do not distribute it, Zakat
will not be regarded as fulfilled and the sin of
not discharging the obligatory duty of Zakat
will remain a burden on whom it was
obligatory.
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12. 12
How is Zakat to be distributed?
Zakat will only be valid if the recipient is
made owner of that amount
Zakat cannot be given or used for the
construction of a Masjid, Madrassah,
hospital, a well, a bridge or any other
public amenity
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13. 13
FAQs of Zakat
Mufti Abdullah Nana
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14. 14
How to calculate Zakat
on gold and silver?
Does Zakat have to be paid
on jewelry that I wear and use
everyday?
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15. 15
What about the Zakat that I
haven’t paid over the years?
Can I deduct taxes when
adding my assets?
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16. 16
Is Zakat obligatory on
children?
Does Zakat have to paid on
retirement plans and how?
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17. 17
Does Zakat have to paid on
business merchandise?
Difference between Sadaqah
and Zakat
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18. 18
Does Zakat have to be paid on
investment properties bought with
the intention to generate rental
income?
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