'Zakat' -- Question/Answer Board

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5 ]

Subject:

'Zakat'

Author:
Mohammed

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 23:32:59 02/05/03 Wed
Author Host/IP: ncroes01.telenet-ops.be/213.224.83.166

As salaam alaikoem, (1) My question is about 'zakat'. The 2.5 procent, is this from the money what a person did earn of a complete year including the money what's resting on the bank, or is it 2.5 procent of money that is earnt in one month including the money that resting on the bank, or 2.5 procent of money that i have on the moment when 'zakat' should be given? If none of these 3, explaine me the right one please. (2) When a person got the possibility to save money, should he let his money on the bank, or is it better to save it at home? Can money be resting on a bank, how can he get away from the interest of it, if this is a halal possibility?

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

[> Subject: Re: 'Zakat'

Author:
Laila nasheeba
[ Edit | View ]

Date Posted: 06:01:44 02/06/03 Thu
Author Host/IP: dhcp024-210-177-110.woh.rr.com/24.210.177.110

As Salaamu Alaikoum,

Praise be to Allah.

Zakaat is 2.5 percent of whatever money you have LEFT OVER from the year, MINUS YOUR LIVING EXPENSES.

Interest is haraam and no muslim should have money in the bank that draws Interest. If one does, then there is no zakaat on what is haraam.

There are many ways one can save money. You can save money by putting it in a checking account that draws no interest. Or you can put it in a vault in the bank or you can save it at home. It is up to you how you choose to save your money just as long as you avoid interest.

AND ALLAH KNOWS BEST

Laila nasheeba