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...
-
Collecting pension from the government
Slmz, Is a person allowed to collect pension from the government?
... -
Filing away records of interest transactions
Assalamu ‘alaykum warahmatullahi wabarakatuhu,
“I work in the “contracts” department of a comp...
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...
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 ?
...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...
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...
Paying traffic fines with interest
Asslaamu alaykum,
Can we pay our traffic fines with interest money?
...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...
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...