[pojg]

Salam everyone, need your advice.

One of my friend, has got some gold as gift, during his marriage and also he has purchased small plot of land.
Per say, because of cultural reasons, he can not sell the gold and his intention about the gold, is to give it as gift, during his children's marriage.
He is married, but does not have kids yet.
About the land, his intention or plan is not to sell the land.
But he may sell it, if he is forced, he may sell it during retirement or for children's education or children marriage needs or if he can part afford to buy a house.
As of now he can not affords to buy a house, where he works, as he does not have enough money, even if he sells the land.

He has been giving Zakath, till last year, on the current price of gold and current price of land.
But because of the price of gold and the land has increased tremendously, as of now, if he calculates zakath, the same way, then it will be more than what remains from his salary after paying his bills.

Someone suggested him that he pay zakath on the purchase cost of the land & Gold
He also got suggestion that he pay Zakath on cost price of the the gold and on the land, he need not pay any zakath, as he does not have any intention to sell it.

Any suggestions?

[arzooemadinah]

pojg, on 09 June 2012 - 02:15 AM, said:

Salam everyone, need your advice.

One of my friend, has got some gold as gift, during his marriage and also he has purchased small plot of land.
Per say, because of cultural reasons, he can not sell the gold and his intention about the gold, is to give it as gift, during his children's marriage.
He is married, but does not have kids yet.
About the land, his intention or plan is not to sell the land.
But he may sell it, if he is forced, he may sell it during retirement or for children's education or children marriage needs or if he can part afford to buy a house.
As of now he can not affords to buy a house, where he works, as he does not have enough money, even if he sells the land.

He has been giving Zakath, till last year, on the current price of gold and current price of land.
But because of the price of gold and the land has increased tremendously, as of now, if he calculates zakath, the same way, then it will be more than what remains from his salary after paying his bills.

Someone suggested him that he pay zakath on the purchase cost of the land & Gold
He also got suggestion that he pay Zakath on cost price of the the gold and on the land, he need not pay any zakath, as he does not have any intention to sell it.

Any suggestions?

gold zakat always on the price of the day never on purchase price .

[pojg]

What about land?

Does he have to pay Zakath on Gold even though he has no intention, nor the ability to sell or ever profit from it. Its being kept for a future intention.

[arzooemadinah]

pojg, on 09 June 2012 - 03:31 PM, said:

What about land?

Does he have to pay Zakath on Gold even though he has no intention, nor the ability to sell or ever profit from it. Its being kept for a future intention.

Gold yes but depend on quantity if he got less than 7 and half tolas he is exempt but again as you said he is not using he is using or not still he have to pay zakat on it . About lands better ask any scholer because plot of lands again his income as a saving , the house people live exempt but the other properties they put on rent and make money and if plots there prices and values goes up every year that is his income again and agriculture farms there money and animals they keep on lands etc there % is different and come under differnt sort of taxes so better he can write down all income and savings etc and go to a scholer and sort this out if he wants to pay the right amount.

[pojg]

He has more than 7.5 tola of Gold. And is no doubt, has to pay Zakath.
Only Question is how much and where to get the money from to pay the Zakath.


One person had suggested him that, If the Gold is kept for some purpose and one has no intention to sell or not able to sell it or no intention to profit from it, then need not pay Zakath on it.
There are many people in sub continent, who are poor, but save little by little gold for their children marriage. If they have to pay Zakath on it, sometimes they may have to sell the gold.

What about such people? so they have to sell the gold and pay Zakath?


On the land there is nothing, its just a small piece of empty land. There is no house or plants or any income from that land.
He does not have money to buy a house, so he leaving in rented apartment, near to his work location, which is much far from this land.
The current price of the land is, just a speculation and if he tries to sell it, he may not be able to find a buyer at the speculated amount.

May be for gold. People can sell 2.5% of gold and pay Zakath. In case of plot of land 2.5% of the land can not be sold.

Again the intention of the land is use for building a house or for children's education or marriage needs. He has no intention to sell it as of now.

[pojg]

Any Answers

[arzooemadinah]

As you mentioned that he has this gold as a gift from his marriage how come its possible a man has gifted more than 7 and half tolas as gift from the marriage , only possible if he is a rich man or the in laws .

Usually mens have rings as a gift so how many rings and chains etc he had that weight more than 7 and half tolas so strange.

Anyway your friend or you whoever have to pay zakat if got no money sell the gold or give gold as zakat and one day he will have less than 7 and half .Why you or he wants to keep the gold and wants adopt short cuts , better go in local musjid and talk all case to the Imam sahub and he will guide you.

You asked how much zakat so tell him take the gold to the goldsmith ask the weight and then pay 2.5 % money or gold of the value price .As if we bought gold 10 years before and that cost 80 thousands and now 4/5 times gold prices gone so the gold is worth more so zakat is always the value of the time when we pay , so if the gold priced at 80 thousands10 years before must be few hunderd thousands now so the zakat is more in money now.

[pojg]

Ok Gold thing is clear now. Sell Gold and pay Zakath.

Any Suggestions on LAND

[njikhan]

Dear Sir



Assalam-o-Alaikum



I want to seek advice for my following issue.



I left an organization 3 years ago, since then I amfollowing them (the company owner) to release my dues. The owner delayed inreleasing my dues and then started releasing my amount partially. Now from last10 months the company owner is not releasing my dues and give lame excuses thatthe organization don’t have funds and as soon they will get their money from customersthey will release mine. It seems he has no intention in releasing my balancedues.



Now, my question is:

I have calculated my Zakat amount and it comes out to beexact the same the company owner has to pay to me, can I inform the companyowner to pay my remaining dues on my behalf as Zakat to the people and the leftover as Sadqa to poor people.



I would appreciate if you can reply me at the earliest.



Regards

Khan