Tag Archives: money

  • Charging for Goodwill

    Assalamu alaykum,

    A, B, C, D and E are joint partners in a running business concern. A and B own shares of 25% each; whilst C and D own 20% each. The remaining 10% is owned by E. D and E are now negotiating to purchase the shares of A and C. The stock, debtors, equipment and other assets h...

    27 Feb 2018 Ref-No#: 421
  • Collecting pension from the government

    Slmz, Is a person allowed to collect pension from the government?

    27 Feb 2018 Ref-No#: 413
  • Filing away records of interest transactions

    Assalamu ‘alaykum warahmatullahi wabarakatuhu,


    “I work in the “contracts” department of a comp...

    27 Feb 2018 Ref-No#: 381
  • Institute using Zakah funds

    Assalamu alaykum wa rahmatullahi w abarakatuhu,

    We are running an Islamic organization here in the Klerksdorp area. Since we provide free education for the poor, the vast majority of our students do not pay the prescribed school fees. This has called a huge short fall of funds and we are n...

    27 Feb 2018 Ref-No#: 344
  • Nisaab on value of silver

    As-salamu alaikum oa rahmatulla

    Is there any mandate to calculate the nisab of cash or business stock (other than gold and silver) only on the value of Silver i.e. which is cheaper of gold and silver ?

    27 Feb 2018 Ref-No#: 314
  • Ownership of the house bought through the muncipality

    Salam Mufti,

    Can you assist with the following:

    A father intended to buy a house through the municipality and applied for it at the municipality and his application was accepted. Since he did not have enough money, his eldest son paid the installments of the house and consequently h...

    27 Feb 2018 Ref-No#: 307
  • Paying off the debt of the deceased

    Assalamu ‘alaykum wa rahmatullahi wa barakatuhu Mufti Sahab,

    Recently a brother passed away (rahimahullah), and we’ve been informed that he left behind a debt of 180’000 euros to privates and 200’000 to business/bank (I don’t know precisely).

    Now, the widowed “wife” is...

    26 Feb 2018 Ref-No#: 302
  • Paying traffic fines with interest

    Asslaamu alaykum,

    Can we pay our traffic fines with interest money?

    26 Feb 2018 Ref-No#: 299
  • Paying zakaat on money earned at a temporary job

    Asalaamu Alaikum wa rahmatullahi wa barakatuhu

    I am 18, i sometimes work at my fathers shop when they are short staffed. He pays me for the days I work and this money is for my own use, whether I,d like to spend it or save it.

    Do I have to pay zakaat on this money?

    Shukran wa...

    26 Feb 2018 Ref-No#: 295
  • Payout of the pension fund

    Assalamu alaykum,

    A) If a person had a Compulsory Pension Fund, and he made a bequest that if he passes away before the money can be released, the funds should be given to his ailing mom. Now that he passed away before that, and the Pension Fund made the payout, will the mother be entitled...

    26 Feb 2018 Ref-No#: 292