{"id":967,"date":"2022-01-12T09:28:31","date_gmt":"2022-01-12T09:28:31","guid":{"rendered":"http:\/\/www.fathalla-solutions.com\/?page_id=967"},"modified":"2022-01-15T12:22:53","modified_gmt":"2022-01-15T12:22:53","slug":"zakat","status":"publish","type":"page","link":"http:\/\/www.fathalla-solutions.com\/?page_id=967","title":{"rendered":"Zakat"},"content":{"rendered":"\t\t
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Zakat<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Fathalla Solutions is one of the leading consulting firms in calculating zakat accurately on business activities according to Sharia\u2019 (Islamic Law). Fathalla Solutions is<\/span> able<\/span> to restructure your firm\u2019s financial transactions and accounts to be in line with Zakat based upon the client\u2019s financial data. We gave the hand to many companies, institutions & individuals in calculating zakat on an accurate basis in the Middle East, Europe, USA & Australia. <\/span><\/p>\n

NISAB<\/strong><\/p>\n

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  • To be liable for Zakat, one\u2019s wealth must amount to more than a threshold figure, termed the \u201cNisab\u201d. <\/span><\/li>\n
  • To determine the Nisab, there are two measures: either gold or silver.<\/li>\n<\/ul>\n

                  – Gold: The Nisab by the gold standard is 85 grams of gold or its cash equivalent.<\/span><\/p>\n

                  – Silver: The Nisab by the silver standard is 595 grams of silver or its equivalent in cash.<\/span><\/p>\n

    What part of your wealth is \u2018Zakatable\u2019?<\/b><\/p>\n

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    • Cash or its equivalent: Cash in hand, in bank accounts, savings, money lent to others, saving certificates, bonds, shares, investment certificates and so on, are all taken into account when calculating Zakat.<\/span><\/li>\n
    • Gold and silver: Any gold or silver you possess is Zakatable, excluding jewelry, because these two metals have <\/span>an intrinsic <\/span>monetary value.<\/span><\/li>\n
    • Other precious metals and stones: are not Zakatable unless they were acquired for the purpose of trade.<\/span><\/li>\n
    • Stock purchased for trade: Any goods you have bought with the intention of selling are included in your Zakatable wealth.<\/span><\/li>\n<\/ul>\n

      What part of your wealth is not \u2018Zakatable\u2019?<\/b><\/p>\n

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      • Any goods, other than gold or<\/span> silver, which you have not bought for resale, are non-Zakatable.<\/span><\/li>\n
      • No Zakat is payable on your personal belongings, such as a house or a car.<\/span><\/li>\n<\/ul>\n

        When is the time of Zakat?<\/b><\/p>\n

        The Zakat year begins on the date on which <\/span>your wealth reaches the Nisab.<\/span> This will be your date, whenever it comes around, you will have to calculate Zakat, irrespective of any fluctuations in the amount of wealth in your possession.<\/span><\/p>\n

        Types of Zakat:<\/b><\/p>\n

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        • Zakat on Money, Gold, Silver, Shares & Jewels (Al-Mal)<\/span><\/li>\n
        • Zakat on Trading Offers (Orood Al-Tegara)<\/span><\/li>\n
        • Zakat on Cattles (Al-Ana`am)<\/span><\/li>\n
        • Zakat on Crops (Al-Zorooa & Al-themar) <\/span><\/li>\n
        • Zakat on Rentals & Estate (Al-Mostaghallat)<\/span><\/li>\n
        • Zakat on Minerals & Treasures. (Al-Rikaz)<\/span><\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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          Have additional inquiries? please don't hesitate to fill this form
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