Thursday, 16 February 2012

Is zakaat due on charitable money that is invested?

A group of people collected an amount of money and determined that it should be paid exclusively to any of their number who falls on hard times, such as having to pay diyah (blood-money) in the case of manslaughter. They invested this money in business, and donate the resulting profits to charitable causes agreed upon between them. Do they have to pay zakaat on this money or not? Is it OK to pay zakaat to this charitable fund?

Praise be to Allaah.

If it is as you describe, there is no zakaat due on the money mentioned, because it comes under the rulings of waqf (endowment), whether it is frozen or is actively circulating in business. It is not permissible to pay zakaat into this fund, because it is not devoted especially to the poor and is not intended for any of the other purposes for which zakaat should be used. And Allaah knows best.

Important note to learn and Read Quran online

The Holy Quran is the word of Allah; it has been sent down to guide us and the guidance can online be gained through reading quran online. No other book can be like holy quran. As you come to the learn tajweed quran, Allah speaks to you and reading Arabic Quran is to hear Him, even to converse with Him, and to walk in His ways. So it is must for us as a Muslim to learn and do quran memorization by heart and the Quran tutor should teach the kids from quran qaida and then teaching quran online along with the quran tafseer and let the kids memorize quran so that we as Muslim could learn quran tajweed rules and then understand the quran tafseer  It is the encounter of life with the Life-giver. 'God - there is no god but He, the Ever-living, the Self-subsisting (by whom all subsist)  He has sent down upon you the Book with the Truth ... as a guidance unto mankind ...' (Al 'Imran 3: 2-3 learn quran recitation). So we should always remember the guidance of Allah and we should be listening to quran online along with obeying the commandments of Allah so let us join hands to lean the Koran and let our kids do quran memorization and learn the teaching of quran education online and apply them in there life there is kids quran lesson available online as well

No comments:

Post a Comment