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Zakat is Farz. Any person who denies it being Farz (compulsory) loses his Iman.
However if he recognizes Zakat being Farz but neglects this duty he will be termed a
Faasiq (Transgressor).
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TYPES OF WEALTH ON WHICH ZAKAAT IS FARZ.
1.
Zakat is Farz on gold and silver, be it in the form of bullion, jewellery, cash, bank notes,
utensils or any other form. The value of these should he equal to the amount which is
shown under Nisaab rate.
2.
In the gold possessed is not equal to the value of 87.48 grams, or silver possessed is not
equal to the value of 612.36 grams, but the value of both combined is equal to the value
of either the Nisaah of gold or silver, then Zakat will be Farz.
3.
In the event of an article not being of pure gold or pure silver, but containing a mixture of
other metals and the golf or silver is regarded as gold or silver and Zakat on this will be
Farz. But in this case where the metal is of greater quantity than either the gold or silver,
Zakat will not be Farz on that article
4.
If a person has 620 grams of silver (which is more than the Nisaab) and before a whole
year has elapsed he acquires 50 grams of gold (which is less than the Nisaab), then the
value of this gold must be added to the value of the silver, and thereafter the Nisaab
reckoned. The two must not be reckoned separately, as this will be a cause of avoiding
Zakat.
5.
Zakat is Farz on merchandise for business, equal to the value of Nisaab.
6.
Zakat is Farz on livestock.
7.
Zakat is Farz on the income of properties if it is equal to the value of Nisaab.
8.
Zakat is Farz on the income derived from a hiring business, such as crockery, motor cars,
vans, trucks etc.
TYPES OF WEALTH ON WHICH ZAKAAT IS NOT FARZ.
1.
Zakat is not Wajib on any other metal besides gold and silver.
2.
Zakat is not Wajib on fixtures and fittings of a shop, motor car, truck or any delivery
vehicle etc., which is used in running a business.
3.
There is no Zakat on diamonds, pearls, and other precious or semi-precious stones which
are personal use. Zakat is payable on the gold or silver used in making jewelry with
diamonds, pearls etc. There is no Zakat on imitation jewelry.
4.
There is no Zakat on any number of living quarters, house-hold furniture, crockery,
personal clothing, whether they are in use or not. However, Islam does not justify
extravagance.
5.
There is no Zakat on people whose liabilities exceed or equal his assets.
6.
A person has R 300-00, but owes R 200-00. Zakat is due on the remaining R100-00.
ANIMALS ON WHICH ZAKAAT IS FARZ.
1.
It is compulsory to give Zakat on camels, cattle, water buffaloes, goats and sheep. (any
such Halaal animal that can be slaughtered for Qurbani in terms of Shariat) when they:
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