Dr. Mufti Syed Ziauddin Naqshbandi Mujaddidi Qadri

Shaykh Ul Fiqh, Jamia Nizamia; Founder - Director

Abul Hasanaat Islamic Research Center

Mufti Maulana Syed Zia Uddin Naqshbandi Quadri

Shaik-ul-Fiqh - Jamia Nizamia

Abul Hasanaat Islamic Research Center

Scholarly Articles

On which items should Zakaat be given

<meta content="text/html; charset=utf-8" http-equiv="Content-Type" /> <meta content="Word.Document" name="ProgId" /> <meta content="Microsoft Word 12" name="Generator" /> <meta content="Microsoft Word 12" name="Originator" /> <link href="file:///C:\DOCUME~1\mohi\LOCALS~1\Temp\msohtmlclip1\01\clip_filelist.xml" rel="File-List" /> <link href="file:///C:\DOCUME~1\mohi\LOCALS~1\Temp\msohtmlclip1\01\clip_themedata.thmx" rel="themeData" /> <link href="file:///C:\DOCUME~1\mohi\LOCALS~1\Temp\msohtmlclip1\01\clip_colorschememapping.xml" rel="colorSchemeMapping" /><style type="text/css">  </style> <p class="MsoNormal">Zakaat in an Islamic duty, which is obligatory (Fardh) on every person who has either 60 gm 755 mg of gold or 425 gm 285 mg of silver.<span style="">  </span>This is called as Nisab.</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">Apart from gold and silver, it is Fardh to give Zakaat on liquid cash, trade goods, shares, etc. provided they reach the limits described above and 1 year has passed on them.<span style="">  </span>In calculating Zakaat on liquid cash, the amount given as loan or kept in bank as fixed deposit or given to somebody for safekeeping, etc. will also be included</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">In the same way, if land, flats, apartment/shopping complexes, are given for hire, then if the income gotten from them reaches the limits described above and year passes on them then Zakaat should be given on that as well.<span style="">  </span></p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">Now the question of giving Zakaat on life insurance.<span style="">  </span>Please remember that in this situation, the ruling varies depending on the country.<span style="">  </span>India (and Australia) are Non-Islamic countries and the Fuqaha (Islamic Law Experts) have clarified that in a non-Islamic country, foul sale (Ba’yah Fasida), i.e. a transaction between a Muslim and a non-Muslim, in which there is some change in the amount of money, is not a usury-based transaction, thus in India life insurance is permissible.<span style="">  </span>As given in Hidayah, Vol. 3, Pg. No. 86.</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">The amount of money in the life insurance policy, though it is not yet in your possession, you are the owner of it.<span style="">  </span>Thus, if that money reaches the prescribed limits, Zakaat must be given on that money as well as 1 year passes on it.<span style="">  </span>However, Zakaat should be given on the extra amount of money that the company will give you when you actually receive the money on it and 1 year passes on it.</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">In an Islamic country, as this kind of transaction comes under usury-based transaction, thus, in an Islamic country, life insurance is not permissible.<span style="">  </span>The gain received from it amounts to usury and expressly forbidden in the Shariah.<span style="">  </span>Those who take and/or give it are all sinners.</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">And Allah (Subhanahu Wa Ta'ala) knows best.</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">Mufti Syed Ziauddin Naqshbandi Qadri,</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">[Associate Professor, Islamic Law, Jamia Nizamia,</p> <p class="MsoNormal">Founder/Director Abul Hasanaat Islamic Research Center]</p>