An Introduction to Financial Sacrifice

by Other Authors

Page 83 of 220

An Introduction to Financial Sacrifice — Page 83

83 They pay Zakat on their jewellery every year. Furthermore, there is no disagreement about the payment of Zakat on jewellery which is kept safe like money. " 82 THERE IS NO ZAKAT ON BUILDINGS AND ON PRECIOUS STONES A letter came to the Promised Messiah as in which a man enquired: "I have a five-hundred rupee share in a house, do I have to pay Zakat on this amount?" The Promised Messiah as said: "There is no Zakat on precious stones/buildings. " 83 ZAKAT ON HOUSE AND MERCHANDISE GOODS In response to a query by a person, the Promised Messiah as said: "No matter what the value of a house, Zakat is not payable on it. But if you have given it on rent, the Zakat will be payable on the rental income you receive. Similarly, there is no Zakat on merchandize stored in a house. Hadrat ‘Umar used to finalize the account every six months and Zakat was calculated on the money one possessed. " 84 ZAKAT ON LOAN The Promised Messiah as was asked: "Is Zakat payable on the amount one has extended some other person as a loan?" The Promised Messiah as replied: "No. " 85 82 Ta h r i r Fat a w a Hadrat Mas ih Ma‘ u d, Al- H akam November 17, 1905. 83 Ta h r i r Fat a w a Hadrat Mas ih Ma‘ u d , Al-Badr, February 14, 1907. 84 Ta h r i r Fat a w a Hadrat Mas ih Ma‘ u d , Al-Badr, February 14, 1907. 85 Ta h r i r Fat a w a Hadrat Mas ih Ma‘ u d , Al-Badr, February 21, 1907.