Hacene Chebbani – The Basics Of Zakat

Hacene Chebbani
AI: Summary © The importance of maintaining spiritual well-being, maintaining spiritual well-being, and keeping a plate of fire during a period of time in Islam is emphasized. The speakers emphasize the importance of valuing assets and avoiding confusion between people who are serious about selling properties. The "naughty feeling" when buying and selling properties is emphasized, along with helping Muslims achieve their goals through a cat visa and providing aid for those who don't have a source of income. The speakers also touch on topics such as housing, money, fundraising, and peace in Islam, including the use of Islam as a means of peace and the importance of long term investment.
AI: Transcript ©
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Good To Go

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Santa Monica low workato

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and the line of blood aminos salatu salam ala Shahe Mercedes in the Muhammad wa ala alihi wa sahbihi Germaine

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rubbish Rouhani Saudi, we're still at Emory. We're headed up the Tim in the sandy of coho colony. So today insha Allah who will be talking about one of the main pillars of Islam, we know that everyone knows that the pillars of Islam are five. And one of them is the payment of zakat for those who have wealth, enough wealth, which makes them obligated to pay the Zeca to make the payment.

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everyone knows that there's a carrot the obligation of the carrot was strongly linked to the obligation of the array by the of the salaat in the Quran. So the carrot and insalata were linked were mentioned together in more than 26 Is that in the book of ALLAH SubhanA wa Tada

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it's like, the message we might conclude actually from this, that the any Muslim community should be built on these two strong pillars solid, a comma to solid. What he taught was a cat

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establishment establishing the Salah, and the payment of zakat. So the establishment of the solid is supposed to maintain our spiritual well being.

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Through Salat will communicate with Allah subhanho wa Taala we are, you know, spiritually we become a spiritually healthy

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will have a good relationship with Allah subhanho wa taala. from a spiritual perspective, Zakat is supposed to maintain our Islamic social welfare system.

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So we need to be the community will become financially healthy when this account is paid because the pool or the wealthy are supporting the pool. And everyone is the community becomes united.

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And Allah subhanaw taala has warned those who do not pay the cat, that they will, they might face a severe punishment on the Day of Judgment, whether the naked is gonna fit both or whether you're gonna be severely lie, forever sheer whom the other being, I mean, this isn't sorted Tober. So Allah subhanaw taala said, these people might face a severe punishment, or the day of judgment. And actually, if you study the sunnah of our Prophet Muhammad Sallallahu, alayhi wasallam. And some had either very strong actually, there is a very strong message about the punishment of those who do not pay the cat, their wealth will be turned into a plate of fire, on the day of judgment, and then

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their, their foreheads their, their backs, and their sights will be branded with this plate of fire during a period of time a day, the length of which will be 50,000 years.

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And this process will be repeated during this period of time. We don't know it's, it's part of the unseen we don't know the reality of this period 50,000 days.

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So but it seems like it's a long period. And then at the end of the Hadith, this hadith in Sahih Muslim, this person who,

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who faced this kind of punishment will know His fate or his path, it will either lead him to Gen Jana, or jahannam. And this hadith we use it as a proof to say that they should do not pays a cat, but they believe in the obligation of zakat are still Muslim, still Muslims. So these are Muslims who might face this kind of punishment. They are not go far. Because who are the kuffaar they are the deniers of the obligation those who deny the obligation of zakat. They don't believe that it is one of the pillars of Islam.

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So those people did not actually they leave the fold of Islam. They're not Muslims anymore.

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But those who are Muslims, but the don't pay it for whatever reason. Some of them who say they are wealthy, they say it's too much money. I cannot make the payment. There is one imam who mentioned the story of one of these Muslims, the Salas panna cotta, and he died in Jamia May, Allah subhanaw taala. bless everyone with his guidance, extremely wealthy. And he said if I pay my zakah, it will be millions of dollars. So I cannot it's too much money. This was one of the Imams he didn't mean of course he didn't mention names. But it's a story one of the stories of people who do not pay as a cat and I personally have met many people who may tilbyr And

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they felt bad about not paying the cat for a long period of time. And suddenly Allah subhanaw taala granted them some guidance and they woke up and they felt like this is a major obligation and they have to take care of it. And I need to calculate how much you know zakat payment I missed and, and hamdulillah they start correcting themselves, which is beautiful Hamdulillah. As long as we make Toba before death, then we are fine.

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So it is a major sin for those who believe in it, but they don't pay it due to negligence. for them. It is it's one of the major sins.

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So what is the wisdom? And what are the benefits of paying the cat? Once the cat is paid, both individuals communities will benefit from this payment from the fulfillment of this duty. So we are told that the wealth of the person who paid his cat is purified. Right. His heart is purified from greed is not the greedy. Money does not control him. He's able to reach his pocket and give for the sake of Allah subhanaw taala he's in control of his wealth. His wealth does not control him. So he's not the servant of the deer have and the DNR he's not he's

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servant of Allah subhanho wa Taala Allah told him that I am the one who gave you this wealth. I'm the one who gave you this money, and you have the obligation to pay 2.5 only. I always tell people, remember, don't think about 2.5%. Think about 95 97.5% that Allah subhanaw taala is allowing you to keep 97.5% that if you decide to give some extra money, that's your choice, right? But Allah subhanaw taala is asking you, when we say 2.5 We're talking easily about cash and gold and silver or cash equivalent or inventory or any merchandise. But when it comes to farming activities, agriculture, there are some other calculations, livestock, there are some other calculations if

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someone is a farmer has is growing, you know, breeding he has his

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you know, livestock, sheep and some other animals. So the calculation is different. But usually for most of the people, it is 2.5%. If they fall the lunar calendar, if they follow the Hijiri calendar, if they follow the Gregorian calendar, which is not recommended, it's a little bit different 2.577 We'll talk about it later on inshallah.

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So your business will be blessed. Your heart will be blessed. Your relationship with the light Allah will be blessed. So there is purification, growth, and a blessing. And then someone took this meaning from from this is sort of the Toba hoodman and one in South Africa into tahirul, which was a key in Bihar was salam ala him in the Salah ticker, second lung. There are some Muslims. Unfortunately, when we read this, if

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we think that because the last Mantella is commending the Messenger of Allah to take from their wealth, take on Mohammed from their wealth, a charity by which you purify them, hold memory and sadaqa to Tyrone bear. So

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we think that Mohammed Salim was able to we're supposed to take this money, put it in his pocket or spend it on his family. It was haram for him to benefit from zakat money. It was haram for his family to benefit from the cat money, he was not allowed.

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He was not allowed. He would go he would be walking in the street. And he would find a date on the ground. And he would say if I am sure that this date is not from sadaqa from zakat, I would have taken it and eat it.

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And in a different Hadith he said I would go home, if I will find one day to my bed. And I don't touch it. I don't eat it because I'm not sure if it is from the sadhaka is a cat or it was just a regular, you know, it's just food that is at my house one time. One time he went to a warehouse, and they were counting some they were having some dates from sadhaka from Zakat, and he had his grandchild with him.

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Most likely it was Al Hassan because Hassan was older than Hussein.

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I'm not sure but this is what I believe. I believe he wasn't hasn't one of them. But I believe he wasn't hasn't five years old. He took one date. He put it in his mouth.

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Al Hasson, the grandchild of our Prophet sallallahu alayhi wa sallam. And also Allah says, immediately took it from his mouth. And he said he didn't you know, that we are not allowed to consume anything from zakat. So it's it was harder for him and his family. And I believe this is one of the proofs that he was a true messenger of God. This is something that we need to look into it. Whatever we think about proofs of Prophethood this one should be one of them. Because when you look at the proofs of prophethood, you have to look at many things and you put them together. And it's a beautiful, yeah, and they file a profile there of a true messenger of God. He cannot be a

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fabricator. Because it was easy. It would have been easy for him to say, you know, I God has revealed to me that I have the right to take 20% or 10% for him to get money. Right. We know that in his house.

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Sometimes you know his wife would not find food to cook something to cook at, at home. And he would survive they would survive with water and dates

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and yet

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He did not approach the money coming from the Cat said It's haram for me. So this is a proof that he was a true messenger of God and they should increase our confidence in his message. And we should share this message with our the young ones in our circles in our families, or friends, who sometimes sometimes some of them have doubt about the message of our Prophet Muhammad Sallallahu Ariosa.

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Now, we said that once the cat is paid, one of the benefits is poverty will be alleviated. So it's supposed to do Zakat is supposed to deal with the problem of poverty,

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lack of resources, these resources are supposed to be divided within the community, everyone is happy everyone is,

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you know, the needs of everyone are sufficed.

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This should be the case.

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So we have the story of my other punishable here, who, when he Rasulullah I sent him sent him to Yemen. He told him that you of course, you start calling them to the way of Allah subhanaw taala tell them about to heat, there is none worthy of worship except Allah subhanaw taala and that I am the messenger of God, if they accept this, tell them about the obligation of the prayer. If they accept that, then tell them about Zakat, and tell them that Allah subhanaw taala has made it obligatory upon them. And he said it is to be taken from the wealthy and distributed among the pool.

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So taken from the wealthy members of the society, and given to the pool members of that society, that's why many Rudaba the belief that the cat should be distributed locally, it is permissible to send it overseas, it is permissible to send it to other communities. But priority is always to suffice the needs of the local community that is a priority

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based on this hadith. And this hadith is also important when it comes to

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concluding which

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you know which way we calculate the way when we calculate the nisab of the Zakat do we use the gold silver standard or the silver standard do use the price of gold or the price of silver, there is a huge difference between both of them between the two of them these days, between gold and silver. So this hadith will help us actually to make a conclusion to reach the kind of the right conclusion and say that we should use actually the measurement of gold we should use the price of gold to measure the nisab which is 85 grams of pure gold, we'll talk about it inshallah.

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And those who received this ahead are supposed to be happy. They're supposed to be happy. They're supposed to be grateful they're supposed to appreciate the donations and the kindness of their wealthy brothers, right. So their hearts are supposed to be purified from what from has had destructive jealousy. And they shouldn't have any grudges or resentment, feelings of resentment towards those who are wealthy and their needs are fulfilled, there will be some Islamic Brotherhood people will love each other they will like each other, they will appreciate each other will have to Allah Allah. So it's many things there are many things that are beautiful about, you know, this

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obligation of zakat.

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Now, when we talk about zakat, we always need to pay attention to these four things here, the intention of painting paying the Zakat. So when you give this a cat, you have to have the intention of zakat, you cannot just give a sadaqa. And then after one month or two months, you change your mind you saw that donation, which I donated two months ago, maybe I will turn it into a second payment. It doesn't work this way.

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It doesn't work. This way. I'm talking here about these are real examples in our, in our communities, Jonnie people, you know, they have this kind of sometimes, you know, behavior, they will tell you okay, I don't have to pay the cat to calculate my Zika at the end of the year, because I've been giving sadaqa for the whole year. I mean, you have to distinguish were you giving sadaqa or is a cat? If it was a cat, it's okay. You calculate how much you paid at the end of the year, calculate how much you have. And then you compare, did you pay more or less, you know, that's okay if you paid it with the intention of zakat, but if it was a regular sadaqa you cannot at the end of

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the year, turn it into a cat or give a loan to someone. This is one of misconceptions. And then when he tells you I'm not able to pay you, I don't have money and I don't think I'll be able to pay you

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In the future because I'm struggling, so don't worry about it, I'll just turn it into a cash payment that is my zakat.

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For this year, you can't do that because when you gave it to him, it was alone it was not zakat. So anyway, the intention is very important here. Then we saw up which is the amount of wealth which makes you obligated to pay zakat.

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Okay, if we follow the the gold standard, it is the value of 85 grams of pure gold, which is these days by

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March 1 was was one like 7000, something 600 or 700. And as of today is 8000, the value of gold is is going up like crazy. So as of today is around 8000. That is the nisab who should pay

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attention to the nisab. Those who are saving, we started working few months ago they go to full time job. They're saving money

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saving and they have around 7000 8000. Now they have to pay attention to the Nissan. Someone has a 1 million in his account or he has 100,000 50,000. He doesn't have to worry about an ESOP. He's way beyond an ESOP. So he doesn't have to talk about the nisab is that is an obligation upon him, right? So the nisab is for those who started saving, they got the job, they're young people, and then they started saving money, then they have to watch, they're saving when they're saving, reach this amount, the value of 85 grams of pure gold, then they have to record it, and then wait for it. One year, I'll hold the passing of one year in the history calendar. And of course, this is a basic

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principle for someone who started counting. It's good for those who start counting from day one, from the day the accumulated this amount of money, then it's up. But at times, they will get some income just before if the matter their obligation will fall in Ramadan. They might again get some income before Ramadan. And this income stayed with them only for two months here. So we have two months but Islamic sharia is talking about one year. So here don't be confused about it. There's just a way of making the payment of zakat easier. So the route ever they said

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just count how much you have on your zakat anniversary. Your Account Vaughn University will be after the passing of one year from the time you own the nisab say I own the nisab last Shabbat, Shabbat right in 1444. This year, Shaban 45 That is my zakat anniversary. Supposed to pay zakat this year Chapman the last month right. So but if I got some money before Shaban one month or two months, it's okay I can include it in my zakat calculation and pay zakat on it even though I had it only for one month or two months. But one whole, one how you can follow, you know this principle for each income, but it will be difficult, but it is good for the beginning for those who calculate their saving for

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the first time to know their second anniversary. And every year on the same date, they will start paying zakat. And they can pay the cat on everything, including the income that they just received. And it stayed with them for just a couple of weeks, or a couple of months. full and complete ownership. This is the fourth condition here. If you don't fully own your money, let's say your money is in a country. And this country has a crisis. And they tell you you are wealthy, you have money in the bank. But there is a new law, we cannot give you your money. We'll give you a small amount every month. So you don't have full access to your money. You ownership is not complete. In

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this case, you don't have to pay the cat on the full amount that you own that is saved for you in the bank. Because your ownership is not complete. Or someone who has money in a pension account. And he has no access to this money, no access whatsoever. He told him you're going to benefit from your money. When you reach the age of 65 and you start withdrawing your your money your pension then other time you can withdraw your money you have access to it then this person doesn't have to pays a cat because his ownership is not is not complete.

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So basically it's a cat is you on the wealth of

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Have any every Muslim, young or old

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male or female that is in held that is held in savings for one calendar year after it has reached the nisab threshold. Here in this guide. If you are looking at the guide of zakat, if you go to page

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page five, they tell you those required to pay zakat must be adult.

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Most of the other visitor opinion in the Hanafi madhhab. But the gym who basically a child has to pay the cat who will pay on his behalf is his guardian or his parent will pay on his behalf. And they are the ones who will make the need for this cat because the child if he is a younger child, he doesn't know.

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It doesn't know how to make near right. He doesn't understand the importance of zakat. But let's say he's wealthy, his father passed away. And he left for him like $1 million $2 million in the account. So as they care to happen fill man it is the right of the poor and the needy in this world on this wealth, right. So, in the opinion of majority in the view of the majority of Muslim scholars that El Djem who

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hit this child has the obligation to pay this account and who will pay it on His behalf his guardian or his father, but here the said must be adult This is the opinion of the Hanafi Minar.

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Muslim Of course, there is no obligation on non Muslims non Muslims do not pay zakat. So if they live in a Muslim country, and this Muslim country is applying Sharia they have two pages here it's a different task. Tax. Tax Sorry. It's a tax that the pay so the Muslims will be paying zakat, they don't pay taxes in a Muslim country and non Muslims will pay taxes fair right.

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Some, some non Muslims are upset about it. They keep talking about this is easier. I mean, Muslims are paying zakat non Muslims are paying taxes. Zakat is a burden. You cannot ask a non Muslim to do an act of a burden. So there is nothing wrong with it. Anyway.

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The third type of person who is mentioned here, someone who have sound mind, so sometimes someone who is mentally challenged, right, he's he has a mental illness. He's insane. He doesn't have to pay in the Hanafi madhhab.

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You're more Shafi, Maliki humbly, he says he still have to pay, who pays it on His behalf again, his guardian,

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his guardian or a family member who is in charge of his affairs, he could be insane but wealthy, mentally challenged, but wealthy.

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Okay, so in the in the view of the gym here, and this is what I prefer. And this is what I choose the view of the gym hall with the majority of Muslim scholars will Allahu Taala Anna,

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they male and female, sometimes you have husband and wife, they have a joint account.

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So if she is

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she has an income a salary. This is her money. Islamically tell money. So her husband doesn't own her money. And she has the obligation like him to pay the cat on her savings.

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If they have a joint account, the best thing to do is to estimate how much is her money, how much is his money.

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It could be 70% Kevin seven 70% coming from the husband 30% from the his wife, for example. If it is 10,000 that means he owes 70,000 He's close. His savings are very close to the say the nisab he has to watch his savings. She has only 3000 She doesn't have to worry about zakat, right but if their joint joint account has like 40,000 and she owes 3030 person that's around 12 12,000 She has the obligation to pay Zakat and he has an obligation to pay zakat.

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So both of them have to have this individual responsibility in front of Allah subhanho wa Taala to pay zakat.

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Now these are some of misconceptions.

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Like yeah, we get these questions all the time. I'm saving money to get married. Do you have to pay zakat on the savings? Yes, you still have to pay zakat.

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It is cash that is being saved for you and in your account. Yes, we we know that you are planning to get married but it is an obligation to pay this 2.5%

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And Allah subhanaw taala will increase your wealth and inshallah we'll have

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enough money to get married. I am saving you money to buy a house same question, same answer. You still have to pay zakat.

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Some people we believe the feel they feel that these these things could be a justification for not being secured. Because I'm saving money to get married. I'm saving money to buy a house. I'm saving money for harsh. Sounds very good, right? It's another obligation.

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Another pillar of Islam right? Is not is not an excuse. You still have to please again and Allah will bless your wealth and you'll be able inshallah to go for Hush. I don't have a job but I have savings in the account in the bank. Yeah, if you have 100,000 You still have to pay okay? 2.5 you don't have a job may Allah Subhana Allah bless you with another job but you still have to pay zakat.

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Do I exclude the value of the nisab? This is the understanding of some brothers and sisters. Like okay, I have 20,000 now and the nisab today is 8000. So I pay only on 12,000.

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No, that's not correct. You pay on the whole amount of money that you have which is 20,000.

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So the nisab is used to measure your obligation are you obligated to pay zakat or not? The nisab is not to be excluded is not to be excluded. I don't have to pay zakat on the amount which I already paid on it last year.

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This is one of the questions that we receive. I paid I have like 30,000 but last year I had 20,000 Do I still have to pay on the same 20,000 this year. Yes, it is an obligate an annual obligation.

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It happens every year. Every year Allah subhanaw taala wants you to pay 2.5 on the whole amount of money that you owe that you own and cannot pay zakat on to any family member this is not true. You cannot pay zakat to your father you cannot basically to your wife because you have to spend on her. You cannot basic get your children except

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in one case.

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If they have a loan, your parents have a loan, your wife has a loan, your children have a loan, they are not able to make the payment. In this case you are allowed to give them from your circuit to pay the law. That's the only exception.

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You cannot give them the cat to cover the basic needs. Their daily expenses, food, shelter, medical treatment, transportation. So you don't give them zakat for this kind of things. But if they have a loan, you are allowed to give them I'm talking about these family members, parents, children and wife. But the other family members as a basic principle you are allowed to give them zakat, if they are for Cora, your brothers, your sisters, your your uncle's, your cousins, you are allowed to give them a cat if they are for Cara and you will be rewarded in in two ways. The first reward for giving zakat, the second reward for what?

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Silloth keeping the ties of kinship, giving you the ties of kinship. So your reward will be multiplied when you give it to a family member who deserved the Zakat you don't give him because he's your cousin.

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If he is doing fine, you cannot give him your cat. If he's not able to cover the basic needs, then you give him your your as a cat or he's able to get the cover the basic needs. But he has a surgery in the hospital. And in his country, the healthcare system does not cover a surgery, and he needs to pay for it. In this case, you can give him the cat because he's able to buy to pay for his food and his basic needs. But he doesn't have money to pay for the surgery. A young person who wants to get married, right? He's able to spend on himself but he doesn't have the ability to get married to give the man and to spend money on his wedding. You don't give him you aren't allowed to give him as a

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cat. As long as it is not an extravagant wedding Yanni it's within his plannings or within reasonable terms. He's not planning to do a very expensive wedding is not planning to give expensive gifts to his wife. He knows his limits. His income is very,

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very low, and he knows that he cannot afford this kind of money.

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So in this case, as I said, if he's doing good planning and spending within reasonable limits, you are insha Allah Allah, to give him zakat to help him to get married.

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Now gold or silver nisab matter in this guy, national zakat foundation they prefer the silver Nissar what is their argument? This argument of some Muslim scholars? They said yes, we know the silver nisab is very low because it is 200 Durham's at a time for Salah Salem and the nisab is 595 grams of pure silver, gold 20 dinars which is 85 grams of pure gold right 24 carats.

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But, but there is a huge difference between the value of gold these days and the value of gold. So as I said, as as of March 1, this month, this year to 2024, the value of nisab was 7729. But as of today is 8000

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As of today is 8000.

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Last year, it was six. So the difference is 1000 Between March 2023 and march 2024 1000 for this value of 85 grams of pure gold.

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And I got this prices from gold price.org. I always check this website.

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Now silver as of today, as of March 1,

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the Nyssa would be 600.

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So you talking about 7770 706 100 Huge difference.

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I believe that we should follow the gold standard. Someone who has 7000 or 8000 saved in the account, you could say that he's doing fine, he's okay.

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And he has the obligation of giving zakat, right. As someone who has 600 he might need help.

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He might need help, even if he's single these days. These days, even if he's not married, he doesn't have children. His single 600 in the account is nothing

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and he might need help to get loan or give us or receive a sadaqa or a cat or whatever.

00:42:39 --> 00:43:00

So and we have the Hadith in Bukhari and Muslim Hadith Moran Mishima Rotella to Holloman as a near a Torah to Allah Fukuhara a it is taken from their wealthy given back to the pool among them. So wealthy, the one who has $600 in his account these days is not wealthy.

00:43:02 --> 00:43:44

Right. And it is the price of gold is yes is going up these days. But usually it is very stable is more stable. And it is the photo of the Islamic Research Council affiliated with Al Azhar University long time ago. They this is their choice and it is the choice of many Muslim scholars. Now these numbers 85 grams, as I said, But the choice of national zakat foundation they follow the silver standard This is the recommendation. What is their argument is the argument of Muslim scholars is that it is better for the full Quran because more people will be paying zakat.

00:43:45 --> 00:43:52

More people will be paying zakat. But in Islamic Sharia we have to look at both sides.

00:43:53 --> 00:43:55

We have to take care of those who are paying

00:43:56 --> 00:44:04

right take care of them and look at their needs and their circumstances and also take care of those who are receiving.

00:44:05 --> 00:44:36

So someone who has 600 703 as you tell him pays a cat and mosquito um can you attach your Masada now this number is here most of the Muslims colors follow the first numbers 85 grams for gold 595 grams for silver. I mentioned these numbers here the other numbers 87 point 48 and 612 point 36 Because they are found in some books. I don't want you to be confused if you see them.

00:44:37 --> 00:44:55

Just ignore them majority of Muslim scholars majority they follow the first calculation, the first 85 grams for pure gold and 595 grams for silver. So don't worry about the other numbers. If you find them in some books, or some websites don't worry about them.

00:44:56 --> 00:44:57

Will love to Allah

00:45:00 --> 00:45:05

Now before we calculate our catch, we have to deal with loans and debts.

00:45:07 --> 00:45:09

A loan could be a good loan,

00:45:10 --> 00:45:16

or a bad loan. So alone is any money that you have given to someone else

00:45:18 --> 00:45:23

as a loan, right? So you are, you are the one who gave the loan,

00:45:24 --> 00:45:31

could be good could be bad, if it is good, the person who received it is doing fine.

00:45:32 --> 00:45:45

And he's not denying the loan. If he's denying the loan, he said, No, I didn't take anything from you. You're, you're you're mistaken for God. I don't know what you what's wrong with you.

00:45:46 --> 00:45:57

So if he tells you this, and you lose hope, this person will not pay me back and you classify this loan as a bad loan. You don't include it in your calculation.

00:45:58 --> 00:46:00

bad loans are not to be included.

00:46:01 --> 00:46:15

But a good loan, you have to include it. It's not in your hand, but it is with a person that you trust. Your brother, your father, your neighbor, you trust, and he's doing fine. He's not struggling.

00:46:17 --> 00:46:44

He's doing fine. He said, Okay, we agreed that it will pay you back within two years. It's like money saved for you. It's like save the rest of money that he saved in your account, right? It is not in your head, but you have confidence. You trust the banking system, that your money is still there, in your bank account, right? Women will take it is not in your head. So same thing here. So if it is a good loan,

00:46:45 --> 00:47:06

a good loan, you have to include it in your zakat calculation. Let's say you calculated how much cash you have the value of your stock the value of your gold, and then you add this good loan I gave 2000 to Mr. Ahmed, or brother Ahmed. Right. I gave him 2000. So included, and he pays the cat on it.

00:47:08 --> 00:47:25

If it is a bad loan, just exclude it, forget about it. But how about if he pays you he makes Toba and he pays you after 10 years or 15 years. That's okay, you accept your money, take your loan from him. And you don't have to worry about the last 10 years.

00:47:27 --> 00:48:02

Because it was your loan was classified as a bad loan for the last 10 years. You have to worry about the payment of 10 years. Just add it to your saving and pay the cat on it on your cat anniversary. There are some rules. Who said you pays a cat on it for one year only. It's another opinion, good opinion. But if you are that you're saving, replace a cat on your cat anniversary. That's fine. That is the opinion of a major Muslim Council will allow Thailand short term and long term debts.

00:48:04 --> 00:48:15

Short term debts debts that you owe money you owe to other people. Sorry, they owe you you have to pay them back. It's a debt obligation.

00:48:17 --> 00:49:07

So you took this money from other people or it's a credit sale, you bought something with the credit sale and you have to pay them back. You have to pay other people back. So if you are planning to pay them back within the next 12 months within the lunar calendar, the Hijiri calendar. This is a short term debt, you are allowed to exclude this money from the calculation. You don't pay zakat on it. Any short term debt, you are allowed to exclude it. Let's say after five months after Ramadan, my zakat obligation is Ramadan. And then after five months, I'm paying Ahmed 5000. I agreed I made an agreement with Brother Ahmed or Muhammad to pay him his loan or his debt or the money that

00:49:08 --> 00:49:45

so that they have to pay. So within five months, this 5000 You are allowed to exclude it because it is a short, short term debt you don't long term debt anything beyond one year. You don't have the right to exclude it like someone who bought a house for 400,000 or half a million. If he excludes this money, this debt from his equity will never be set. He will never pay zakat, because it's a huge amount of money. And it is long term 25 years.

00:49:51 --> 00:49:59

This is one of the misconceptions since we're talking about bad loans and good loans. I think I mentioned that you know turn bad loans into a zakat payment

00:50:01 --> 00:50:06

As someone who is struggling say I cannot pay you tell him, don't worry about it, I'll just make it Zakat

00:50:08 --> 00:50:09

and you will be saving your money.

00:50:11 --> 00:50:17

So you cannot do that. It's one of the misconceptions or one of the questions that we receive sometimes.

00:50:19 --> 00:50:26

Now, if you are an employee, you don't have a business, you don't have merchandise, this is how you calculate your your was a cat

00:50:27 --> 00:50:43

cash plus the value of your stock. Now the value, you calculate the value of your stock based on the current market price, if you are speculator, you have you are an active investor,

00:50:44 --> 00:50:54

who is an active investor is someone who buys and sells within the period of four week on a daily basis, on a monthly basis within a year.

00:50:55 --> 00:51:17

If he's a long term investor, there is another formula. We'll talk about it. There's another formula for long term investors, those who leave their stocks, you don't touch them. They read them for one year, two years, five years. And then the sell them later on when the price when the appreciate with a price appreciate.

00:51:18 --> 00:52:14

So this is long term investment. If it is a short term investment. For speculators, they need to look the value of their holdings based on the current market price set at a soup. And if I am paying zakat today, right, I have to check the value of my stock. Today, the value of my stock is 20,000. I include 20,000, I have cash 50,000 20,000 is the value of my stock. Good loans are good. I gave a loan to Mohammed 2000. And he's doing fine. He's not denying my loan, I included another plus 2000. So 50,000 plus 20,000 plus 2000. And I have short term debts, the value of these two debts are 10,000, I have to pay them within two months, I exclude them minus.

00:52:15 --> 00:52:27

So 50 plus 20 plus two, that's 72 right? 72,000 minus 10,000 How much you may the value of my zakat money is a catchable money.

00:52:28 --> 00:53:00

62,000, right, because I excluded 10,000 If I'm following the Islamic calendar, and this is what we are supposed to do, we follow Islamic calendar, we follow the Hijiri calendar 2.5. If I'm following the Gregorian calendar 2.577. Because there is a gap, there is a difference between the Islamic year and the Gregorian year, it's 11 days. So this kind of small difference here is for this period of time,

00:53:02 --> 00:53:31

it has to be justified if you follow the Gregorian calendar, you have to you have to have a valid justification. For example, there are people who say, we pay I pay zakat every December because this is the time I'm the business owner. And this is the time I calculate my I do my taxes or I don't know they have their own, you know, tax system. So they said this, the Tyler calculate how much you have and everything. And I like to basically it has to be justified.

00:53:34 --> 00:53:35

This permissible but not

00:53:36 --> 00:53:37

not encouraged.

00:53:40 --> 00:54:02

Now, if we talk about long term investment, you have to determine the capital asset ratio. So if you have a balance sheet, you're you're investing in a company in the long term, leaving your stock there for five years or six years. So you go to the balance sheet, you have to look at the total current assets

00:54:05 --> 00:54:10

minus the interest income if you are able to determine the interest income because interest income

00:54:11 --> 00:54:13

yet as opposed to pays a cat on it.

00:54:15 --> 00:54:19

The money that you pay the cat on it has to be interest free.

00:54:21 --> 00:54:26

Because as a Muslim, if you have interest in your head, you're supposed to get rid of it.

00:54:27 --> 00:54:33

You're not allowed to use it. And since you're not allowed to use it, you're not supposed to pay cash on it.

00:54:35 --> 00:54:52

So, if you are able to determine the interest income from the balance sheet as good if you are not just calculate the total value of the current assets, cash and cash equivalents and all the other current assets receivable, accounts receivables and all the current assets.

00:54:53 --> 00:54:59

So divided by the market cap, what is the market cap? The market cap is the market value of the company

00:55:02 --> 00:55:09

is the total amount of shares, outstanding shares multiplied by the price in the in the market.

00:55:10 --> 00:55:31

And you get the market cap from Yahoo Finance, if you go to what if, yeah, and if you are investing in a company, it is a publicly registered company, publicly traded company, go to Yahoo Finance, you get the market cap of your company or any other source but Yahoo Finance is good for these kinds of information.

00:55:32 --> 00:55:41

But the current the total of current assets, you get it from the balance sheet, and these are public documents, and everyone has access to these documents.

00:55:43 --> 00:56:01

So, let's we have an example here 15 million divided by 90 million, which is the market cap of this company, what is the ratio is 0.1666 which is 16.6 66% You're holding the current value of your holdings 12,000

00:56:02 --> 00:56:13

This is the market based on the market price. This is the total value of your holding how much you own less home to metal. So, let me cover the sciatica

00:56:14 --> 00:56:17

so, you multiply it by this ratio.

00:56:18 --> 00:56:26

And this is and this is how much this is the amount of your accountable your the critical portion is only 2000 is not 12,000.

00:56:28 --> 00:56:53

Because if you own a share shares in the company, you are one of the owners, right. And if you are an owner of the business, you basically only own cash and inventory things that are for sale and accounts receivables money that you that you know that people are supposed your customers are supposed to pay you back.

00:56:55 --> 00:57:28

You don't pay zakat on your fixed assets. If you have a building, you don't pay cash in your building. You don't pay zakat on the equipment's you don't pay zakat on your vehicles that are used in the business, anything that is used in the business, you have a big piece of land that is not for sale, or it's not intended, strictly intended for business, it is used in the business, but you didn't own it, to make a profit on it. So it's not an item trading item is not meant for trading.

00:57:29 --> 00:57:31

So if you are an owner,

00:57:32 --> 00:57:46

this is how you teach your business. So if you are owner of shares in a company, this is how you calculate the value of your capital assets within that company. Is that clear? What?

00:57:47 --> 00:57:48

No, okay.

00:57:55 --> 00:57:58

Yeah, you look at how much cash they have and

00:58:00 --> 00:58:04

it will be very low. It could be if you don't have merchandise.

00:58:07 --> 00:58:14

If you have software's will have programs will lay the day then you need to calculate the value of the programs that are being sold.

00:58:16 --> 00:58:19

But he service strictly service, I don't know what kind of method do you have an example?

00:58:28 --> 00:58:36

Yes, they don't have items for sale. So, you look at their cash, how much cash they have and it will be lawyer.

00:58:38 --> 00:58:51

The exec added you on the total value of your investment in the following cases if you have mutual funds, this is what I believe. If you have your own cryptocurrencies, you calculate their face value or market value.

00:58:53 --> 00:59:04

Bonds bonds are not for Muslims are not supposed to trade once bonds their interest base securities that Hara center that lives who's a Muslim at the center that

00:59:06 --> 00:59:09

but if he owns bonds, if he insist

00:59:11 --> 00:59:19

in this on this business and he wants to own bonds, he has to calculate only the original price of the bonds.

00:59:20 --> 00:59:26

So he has he has to ignore the value of the income coming on this bonds.

00:59:30 --> 00:59:30


00:59:31 --> 00:59:34

do. Let's talk a little bit about pension plans.

00:59:36 --> 00:59:37

Let's say I have an RSP.

00:59:39 --> 00:59:42

If I have access full access to my RSP account,

00:59:44 --> 00:59:48

then I still have to pay zakat, but I pay zakat only

00:59:49 --> 00:59:58

if I decide to close the account or withdraw the whole amount. I have to look at how much is left in my hands.

01:00:00 --> 01:00:09

Which means you don't have to pay the cat, you don't have the obligation to pay the cat on any penalty, or any money that is taken by the bank or taken by the government.

01:00:11 --> 01:00:15

Because when you withdraw money from your RSP account, they don't give you the full amount.

01:00:17 --> 01:00:24

It depends on your how much you have in this account. They might withdraw 15% 20% Allah Allah.

01:00:26 --> 01:00:33

So you take away the penalties and the fees and the taxes and you pay zakat on the rest you imagine.

01:00:34 --> 01:00:46

You have taken your money, the whole amount, how much will be left in your head? This is the amount that you pay the cat on it. Is that clear? One

01:00:47 --> 01:01:10

very simple. If it is locked, no zakat don't have to worry about it until you start withdrawing money from this account. Our ESP there is a brother who asked me about RSP today for children, right? So now the cat is only doing the contribution of the parents money coming from the government. You don't pay the cat on it.

01:01:12 --> 01:01:33

He told me that children all this money. Yes, they own it. But their ownership is full when it comes to the money that was deposited by the parents. But the money coming from the government, their ownership on it is not full. Why? Because

01:01:34 --> 01:01:40

if I'm paying zakat today, on behalf of my children, we decide to close the account.

01:01:42 --> 01:01:46

If we decide to close the account, the government will immediately take all the contribution

01:01:48 --> 01:01:56

they will take it take their money, you don't allow the children to benefit from this money until they are 18. And they go to university.

01:01:58 --> 01:02:12

If you decide as a father to close this account, the government will immediately take their their money back. So the ownership is not complete. But it is complete on the money that was deposited by you as a father.

01:02:14 --> 01:02:37

Because it's your money. If you decide to close the account, you will be able to take your own money. And this money you gave it to your children, when you give it to them, it becomes their ownership because the account is their ownership. Now you have to look at how many children you have, and how and how much every child owns.

01:02:38 --> 01:02:47

If everyone is like the ownership of every child is 4000. These days you don't have to worry about zakat, because the nisab is around 8000

01:02:48 --> 01:02:51

These days today, as of today, the nisab is 1000

01:02:53 --> 01:02:57

So if every child owes like 4000 3000 You don't have to worry about the cat.

01:02:59 --> 01:03:01

You don't pay the cat on behalf of all of them.

01:03:02 --> 01:03:17

Say there is 10,000 there and they are three children 310 by three that will be 3500 for each child right? Or 630 600 for each child

01:03:19 --> 01:03:48

so you don't have to worry about zakat for them. But when the this money mashallah the savings increase and then everyone is a is an owner often nisab then you have to pay the cat on their behalf and you paid from their pocket your pocket on their behalf from your pocket as a father on their behalf. I'm sure that you are not allowed to take money from this account. Is that clearly a one principle RSP

01:03:52 --> 01:03:58

business owners type if you are a business owner use the same formula but you should

01:03:59 --> 01:04:01

add the value of the inventory

01:04:02 --> 01:04:23

and you need to use the market price to calculate the value of your business merchandise market price. You will find some photographers like here also this is the choice of this guide I guess they tell you to calculate the value of your merchandise based on the wholesale price

01:04:24 --> 01:04:25

set in Joomla.

01:04:27 --> 01:04:30

This is not why what I believe is the right opinion.

01:04:32 --> 01:04:34

Because what is fair is

01:04:35 --> 01:04:38

if we talk about market price if you sell your merchandise today,

01:04:39 --> 01:04:40

how much you're gonna get.

01:04:42 --> 01:04:44

You get the value

01:04:45 --> 01:04:47

of the buying price or selling price.

01:04:49 --> 01:04:59

You bought them with 100 But you're selling with 120 Most likely you're gonna receive in your hand 120 not 100 because you bought it for for 100. So that is the market

01:05:00 --> 01:05:04

to price and that is how much you're going to receive in your head if you sell them today

01:05:05 --> 01:05:07

but if you are a wholesaler

01:05:08 --> 01:05:18

that has okay you calculate the value of your merchandise buy it based on the pray the price you are selling them with which is a wholesale price.

01:05:21 --> 01:05:40

knows the cash again on the value of fixed assets buildings, equipment, furniture vehicles used in the business computers, all the equipment you are using machines even if they are expensive. Even if these machines are very expensive, you don't have to pay a cat on them because they are not meant for sale.

01:05:42 --> 01:05:45

You are using them in your in your business

01:05:51 --> 01:05:58

knows a cat on any Halal jewelry jewelry if it is for personal use. This is the opinion of jumbo Lola

01:06:00 --> 01:06:03

Jim Hall whatever majority of Muslim scholars

01:06:04 --> 01:06:16

the Hanafi school of thought they have a different opinion. They believe that a woman has the obligation to pay the cat on her jewelry, even if it is for personal use.

01:06:18 --> 01:06:35

Majority of Muslim scholars Shafi humbly Maliki all of them believe that there is no obligation if they are for personal use. And that was the opinion of Aisha Radi Allahu Allah.

01:06:36 --> 01:06:39

And Esma her sister

01:06:40 --> 01:06:41

and their woman

01:06:42 --> 01:06:44

they know about this issue very well.

01:06:46 --> 01:07:35

Aisha was the wife of the Prophet USMA, the daughter of Abu Bakr Sadiq and her sister and the the there are some stories in a hadith that Aisha had some she sponsored some orphans, and they had jewelry, and she and she was not paying zakat on the jewelry and open up for other Sahaba too, but there are some others I have I used to believe that no, we have to base a cat on jewelry. Anyway, it's a matter of disagreement between Muslim scholars, but majority of Muslim scholars believe no, there is no no zakat on any Hallel jewelry. If a woman decides to be in the safe side on the safe side and pay for her jacket, that's fine. Right? But security is obligatory in some cases.

01:07:36 --> 01:07:40

Definitely. If the jewelry is saved as a store of value.

01:07:42 --> 01:07:43


01:07:44 --> 01:07:50

assisted got jewelry, and she saving them in a box.

01:07:51 --> 01:07:53

In the bank, she's not using them.

01:07:54 --> 01:08:03

They are used as a store of value gold is a good way to save money. Right? That is her intention. She doesn't care about using them.

01:08:04 --> 01:08:35

This is how I save money. I buy gold and leave it in a box. So here in this in this case she has to pay zakat. If this jewelry is owned by a brother, a male member of the community definitely has to pay the cat because he's not allowed to beautify himself was with a holy with jewelry. So there is no personal use here for him. He has to pay zakat. If it is intended for trade definitely.

01:08:37 --> 01:08:45

There definitely if someone is a businessman and he he sells jewelry then he has to pay the cat on it.

01:08:46 --> 01:08:53

If it is used as a decoration at home, decoration at home, we have to basic out on it.

01:08:54 --> 01:09:02

If we have some utensils made of gold and silver, there is a schema we have to base a cat on them the value

01:09:03 --> 01:09:11

of learning must know that will fit the utensils. So in all these cases, the carrot is obligatory

01:09:14 --> 01:09:18

now if my gold is less than 24 carats

01:09:20 --> 01:09:26

let's say Fatima here owns 1000 grams of 18 karat gold jewelry

01:09:28 --> 01:09:36

that she has to pay the cat on 1000 grants let's say it's used as a store of value here and she has to pay the cat on it.

01:09:38 --> 01:09:43

First of all, she can she she doesn't have to she's paying the cat.

01:09:44 --> 01:09:55

She can use the depreciated price what is the depreciated price. If he wants to take care of you will lead to a jewelry store to sell to sell it.

01:09:56 --> 01:09:59

We will not pay her based on the internet

01:10:00 --> 01:10:28

National, or the price in the international markets, the one that you'll find on gold price for example.org, they will give her less, maybe 20% less. If it is 80, it will give her $70 per gram or $60 per gram, she can use this price to calculate the value of her wealth. Now if she's 18, she needs to multiply 1000 by 80 divided by 24, she will get the value of

01:10:30 --> 01:10:37

her grams in gold in pure gold. So here is 7750 grams.

01:10:38 --> 01:11:01

So if we multiply $70 Let's say she will use $70 per gram as a way to measure her how much she has the value of her gold, she multi if she multiplies the whole 1000 Here's the category assets will be 70,000. But if she uses this formula,

01:11:02 --> 01:11:20

she'll be multiplying only 750 by 70. That would be 52nd 52,000. That's a huge difference. So she doesn't have to pay the cat on 70,000 She will be paying zakat only or 52,500. That's a huge difference.

01:11:21 --> 01:11:33

And many sisters they have like gold. 14 karat 1618 24. I don't know if it exists in the market. Does it exist?

01:11:34 --> 01:11:47

It's rare, very rare, right? So but most people have 1820 carats. So they can use this formula to calculate the value of their wealth. If they have the obligation to pay zakat.

01:11:51 --> 01:11:54

gemstones and diamonds there is no zakat on them

01:11:56 --> 01:12:04

unless they are intended for trading like someone is a businessman. And this is his business.

01:12:05 --> 01:12:48

He's buying and selling gemstones and precious stones and precious metals, like gold and silver not talking about gold, silver, but he's a businessman. He trades these things, then he has to calculate their value based on the current market price at face a cat on them, but if they are at home, if the person is keeping them at home, even if they are a store of value. He doesn't have to pay zakat. You tell me why Allahu Allah, but maybe because Allah, Allah mentioned that they will favor golden silver in the Quran. The Sunnah has mentioned golden silver, the hadith of Rasulullah Selim and the Aruna Marie said these things are not mentioned in the Quran, they are not mentioned in the Sunnah.

01:12:48 --> 01:13:04

So we cannot have we cannot ask people to pay zakat on them. You cannot place a burden on people without a proof. If you think about them, if I have gemstones and diamonds at home, it is a type of wealth Right?

01:13:06 --> 01:13:15

Like rabbits for example, there is no zakat on rabbits. If I have 100 rabbits in my farm. If they are for personal ownership like I use them

01:13:16 --> 01:13:22

for personal consumption let's say example had enough to phasic addenda right but if they are for business,

01:13:23 --> 01:13:27

I have to base a cat on them. But cows

01:13:28 --> 01:13:33

livestock I have to basically tell them all the time, whether they are for personal use

01:13:35 --> 01:13:36

or for business.

01:13:37 --> 01:13:55

Chicken there is no there is no a cat on chicken. But if they are for sale, I have to calculate their value and pay the cat on them. There is no zakat on fish. If I have like butter in a big pond at home and I'm growing fish for personal consumption

01:13:56 --> 01:14:02

for my family, even if I have 1000 fish, I don't have to base a cat on their value.

01:14:03 --> 01:14:19

But if I have 40 sheep, whether they are for personal use or for business I have two basic so the cattle assets and there are other items that are not a category these gemstones and diamonds are not a category what is stocks be the same?

01:14:21 --> 01:14:22

What do you mean stocks?

01:14:24 --> 01:14:25


01:14:27 --> 01:14:45

Yeah, but it's it's a stock it's your ownership in a company and this company will own skoshe they have inventory we have is not like even if they have gemstones and diamonds this company and they are for sale. You still have to pay Zakat and they have the company has to pay the cat if they are for sale.

01:14:46 --> 01:14:57

But I'm talking about gemstones and diamonds as a as a personal ownership. You own them and you don't you don't intend to sell them for profit.

01:14:58 --> 01:15:00

So that's you have to look at

01:15:00 --> 01:15:00

The your intention here.

01:15:04 --> 01:15:06

You could, you could have a lot of diamonds.

01:15:08 --> 01:15:12

I know I know what you mean. But there's no zakat on them.

01:15:17 --> 01:15:18

That's right.

01:15:19 --> 01:15:21

That's right. It's a good question.

01:15:22 --> 01:15:24

But as a basic principle, there is no second

01:15:30 --> 01:15:42

type. When it comes to real estate, for example, real estate Yeah, as a basic principle resale properties are not acceptable unless they're strictly intended for business.

01:15:43 --> 01:16:09

If they are intended for trade, you are a real estate investor and you you intend your Nia is to sell them to flip them in the market, buy and sell, buy and sell. But if you buy them and own them and use them as rental properties, you don't have to pay zakat on their value. If there is a cat on the rental income, you see the difference? Basic get on the rental income.

01:16:10 --> 01:16:27

If you don't know what to do with it, this is a very common question. I have mixed feelings. I don't know what to do. I just bought this piece of land, but I'm not sure about my meal. I'm not sure about my intention, very common actually statement. Here you don't have to pay zakat.

01:16:29 --> 01:16:34

You have to determine your Nia, if it is not determined, then it's not accountable.

01:16:36 --> 01:16:36

By then

01:16:39 --> 01:16:40

you don't have to

01:16:41 --> 01:16:48

but if you are a businessman you're selling buying and selling properties. He pays a cat on them on the value

01:16:51 --> 01:16:59

even if you change your mind and you want to sell it there is no zakat on it until you sell it you sell it and it's cash you add it to your savings and you pay zakat on it

01:17:03 --> 01:17:10

so real estate properties are not the cattle unless as I said they're part of your business your buying and selling

01:17:16 --> 01:17:36

your rental in basic add on the rental income yeah you pay cash on the rental income after you exclude your your expenses if you spend it in yourself you don't have to basic health but if you're saving this rental income yeah you pay the cat on it it's cash it's money that you're saving

01:17:38 --> 01:17:38


01:17:50 --> 01:18:16

oh the Yanni so so the brothers here he is asking if there is a principle or rule we can use to distinguish between the people who are sincere and people who are trying to play a game with the deen of Allah subhanaw taala and avoid any escape is a cat right? I mean, if he's trying to escape the cat, it's his problem, right? It's a personal problem here that this person has to deal with.

01:18:18 --> 01:18:19

If he

01:18:20 --> 01:18:23

decided to buy properties to escape the cat

01:18:24 --> 01:18:28

if we discover his intention, if he says it

01:18:30 --> 01:18:32

says that this is my intention.

01:18:33 --> 01:18:38

Then we tell him the fatwah is you have to pay the cat. While I this is true, I'm not joking.

01:18:39 --> 01:18:47

For diamonds as well, somebody. Of course, there is no doubt about it. He has to pay zakat, if this is his intention.

01:18:49 --> 01:19:03

If his intention is to escape zakat, the obligation of zakat, but he say okay, I want to buy land because I believe it's a good store value for example. That's okay, that's fine. Yes.

01:19:08 --> 01:19:14

To buy a masjid. You can give zakat to the masjid or Islamic school. Yes.

01:19:15 --> 01:19:19

It is allowed especially in the West. This is the fatwa that will fall.

01:19:21 --> 01:19:26

Under the category feasibility law. We'll talk about the categories now these are the eight categories.

01:19:28 --> 01:19:37

Alpha Cora Alamosa Keene, and I believe in Allah and more LFH chlobo over record a very mean officer Villa

01:19:38 --> 01:19:51

instead of in the Seville feasibly Luciferian kata art very soon. So poor people, they are for Cara and the difference between them and the Misaki. There is a difference.

01:19:52 --> 01:19:59

Poor people they have no income or they have a very low income. So their income

01:20:00 --> 01:20:06

When is enough to cover less of 50. This is a good criteria to use

01:20:08 --> 01:20:11

to cover less than 50% of their basic needs.

01:20:13 --> 01:20:14

Let's say we have a family.

01:20:16 --> 01:20:34

They need 40,000 to survive for the whole year and cover all their basic needs. Their income covers less than 50% of their needs, which means it is less than 20,000. Who said they need 40,000 for the whole year,

01:20:36 --> 01:20:40

their income is less than 20,000 is 15,000. These are for Cara or Misaki.

01:20:42 --> 01:20:50

This Alfa Cara and Allah started with them. My second they need they are eligible to receive the cat

01:20:51 --> 01:21:08

eligible to receive the cat. But their income is higher than the income of the full color. Let's say they need 40,000 Again, a family they need 40,000 to cover their basic needs, their income, covers 75% of their basic needs.

01:21:09 --> 01:21:42

The math on their income is 30,000 their budget is very tight, they still need around 10,000 to cover all their basic needs. They deserve to receive Zakat and they are mistaking right their state their status is better than the status of the football and the difference, what is good use this criteria if you matter, you have a small amount of zakat, for example of like only $200 to give to a family then you have two families

01:21:43 --> 01:21:54

and you are able to distinguish between both of them. So this family first family is for Karla therefore Cara, the second family they are mistaking do you give 200 to the for Cara or the Misaki

01:21:55 --> 01:22:14

maybe you prefer to give to the Misaki sorry the for Cara, because they are in need in this situation is worse than situation of the second right. If you have to choose of course, employ to collect. These people used to be employed by the Muslim state to collect Zakat and to distribute it.

01:22:16 --> 01:22:30

Nowadays, there are some Redeemer who said those who work in zakat organizations we can be paid, they get their salaries from the Catahoula hota, Allah Allah, those who are inclined towards accepting Islam

01:22:33 --> 01:22:42

LFH eikelboom They could be also leaders within their communities, and we give them from the cat, then they will serve.

01:22:44 --> 01:23:02

They will help the Muslim community they will be by could protect the Muslim community, they might actually help Muslims in any way or shape. So these people, we might give them a cat. But it is a decision that has to be made by the leadership of the community,

01:23:03 --> 01:23:50

not individuals to the best of my knowledge, leaders in the Muslim community or the Muslim ummah, they are the ones who make this decision. Right? We could be dealing with a political leader, a president, a leader of a country, we might actually give him from the cat, because we know that he will help the Muslim community in a certain way. So this is something a decision that has to be done by the leadership of the community or leadership of the Muslim state, federal cop, those who are slaves, we don't have slavery nowadays. But we in the old days, that used to be paid for those who were slaves, and they were trying to free themselves to pay money to their masters, so they can gain

01:23:50 --> 01:24:19

their freedom. So this is how Islam was encouraging slaves to become free. Right? This is because to understand the concept of slavery in Islam is is very important to look at all the rules regarding slavery in Islam, and you'll find that Islam did not stop slavery, but was Islam was encouraging people to free slaves and help them to free themselves.

01:24:21 --> 01:24:59

hikma because if Islam, when Muhammad SAW Selim was sent as a prophet or as a messenger and said, Okay, slavery is not allowed anymore. There are many people who grew up in families and they were slaves and they have no family connections, they will be confused. They don't know what to do. It will be something like they will be shocked, right? But Islam wanted to solve this problem in a gradual within a gradual process, right. So one of the ways to help them become free is to give them from zakat that was in the old days. Ilari mean those who are in debt. They are

01:25:00 --> 01:25:01

either those who

01:25:03 --> 01:25:36

took a debt to spend on themselves and their families, for Halal purposes, or the took a debt to spend within for for two years to achieve a goal within the community, a certain purpose within the community. But when, for example, two families were fighting with each other, they had a business dispute, right? And they couldn't solve it, there was no way they could solve this business dispute. So this man wanted to create peace it is permissible and encouraged in Islam.

01:25:37 --> 01:25:54

So he said okay, how much you owe them. So okay, only 10,000 We took 10,000 from us this what we believe so we will give them 10,000 To make peace between the two parties, this person has the right to receive the cash for this for this course.

01:25:55 --> 01:26:19

Hurry moon. So there are two types of in the way of Allah subhanaw taala. This is a cat visa biller. In the old days it used to be given to those who volunteer within with Muslim armies. So a Muslim army is going out to fight and protect the land of Muslims. Those who volunteer they don't have a salary from the government. They are allowed to receive the cat and

01:26:21 --> 01:27:08

Yanni are many Roma, they said Al Jihad Bill Kenema can be with through via Dawa, through Dawa efforts through building massage and building schools. So they include Islamic schools and they included massage it in this category, which is feasibility. It's a famous opinion, there are people who do not agree with that there are some Rudaba who do not agree with that. But it is a very popular opinion now and many massage it and many Islamic you know, organizations that are adopting this opinion, someone who is traveling, and he was lost in a country he doesn't have he could be wealthy back home. But in that location, specific location, he he lost his money, he lost

01:27:08 --> 01:27:55

everything. This person who can give him the care to go back to his country. But nowadays, I don't think it's it's practical. If someone if someone loses his money in a country, right, and you are wealthy, you have money back home, in your bank account, you can contact your family contact your friends, it's easy, easy means of of communication, made it easy for people to contact their family members, or transfer money from other countries. So I don't think this this category exists these days without Allah Allah. So these are the eight categories that are mentioned in surah, Toba and 60. will allow to Allah Allah Now do you have any other questions? Sisters? Do you have questions?

01:27:56 --> 01:27:58

sisters or brothers further?

01:28:15 --> 01:28:17

With the discussion that you have in your head,

01:28:18 --> 01:28:19

and you're planning to build

01:28:21 --> 01:28:23

to build a building with it a house or something?

01:28:26 --> 01:28:33

Yeah, house for your own cell for your family. Yeah, but it is cash in your head. You have to pay the cat on it.

01:28:37 --> 01:28:46

The construction, he pays a cat on it. The moment you build your house, it becomes your personal property. You don't have to pay the cat in your house.

01:28:47 --> 01:29:01

So if it is in the shape of a house, you don't pay the cat on it. You don't pay to get in your car, your personal car, any personal item, you don't pay the cash on it. But if it is cash, you pay the cash on it.

01:29:03 --> 01:29:05

2.5 years

01:29:09 --> 01:29:11

for right now, as of today, yeah.

01:29:13 --> 01:29:27

Just say to be somebody, somebody just gets the $1,000 but he doesn't have it for the entire year. Like let's just say after like eight months. Like he has to spend it on something and then it goes below that threshold. Then

01:29:28 --> 01:29:37

you wait you wait until it goes back to the nisab and you start counting again. You cancel the first calculation

01:29:38 --> 01:29:55

Yeah, and then you start counting your so the time you the day you you reach your savings reach the nisab again, that will be your new deadline. Your News a cat anniversary, a one year and then it has to stay one year. Yeah, that's right. Yeah.

01:29:58 --> 01:29:58


01:30:00 --> 01:30:19

Do you have to keep watching unfortunately so other time for Salah Salem it was easy 20 dinars and they used to use the dinars on a daily basis right. It's very easy for them it was easy easier for them to calculate the nisab. Nowadays you have to watch for the price of gold.

01:30:21 --> 01:30:33

It is based on the value of 85 grams of pure gold it might go down again alone 7500 AC, these days it will be between 7000 to 8000.

01:30:34 --> 01:30:39

So when your savings reach this value is amount to pay attention

01:30:42 --> 01:30:42


01:30:51 --> 01:30:58

just a second before before I answer your question, just want to make some announcements here. And then we'll continue to shop.

01:30:59 --> 01:31:17

So we have fundraising dinner for idrf. And this fundraising dinner will be dedicated for Palestine Inshallah, this money will be collected to help our brothers and sisters in Gaza. And the date of this fundraising will be Friday, March 22.

01:31:18 --> 01:32:11

And the place the location is Polish, the Polish Canadian Cultural Center, very close from here. And you can get your tickets from from their website idrf. So we have idrf today, and we have nationals the cat foundation, so nationals the cat Foundation, they distribute a cat in Canada, you don't send it overseas. If you want to keep your cat in, in Canada, you give it to this organization or give it to ISC we take the cat two and idrf they are an international relief organization. And they take in they send money to to other places, other countries and one of them is Palestine everyone is talking about Palestine these days and Huzar and most of the fundraising dinners will be to help inshallah

01:32:11 --> 01:32:14

will be for the purpose of helping your brothers sisters in husband

01:32:15 --> 01:32:57

idrf is doing another event in collaboration with coordination with MSA University of Calgary and MSA from Sait I guess and this is Calgary student Iftar and fundraising and the speaker will be shifting Aveda as he is, and it will take place on Thursday, March 28. The location is hubby's banquet hall here beside a chromosoma. So these are two future events. For idrf. Nationals. The cat foundation doesn't have an event here in Calgary planned for during the month of Ramadan. But they have their own website, if you want to give your cat to them. They are available online.

01:32:59 --> 01:33:14

As I said, ISC also accepts a cat and we have two programs, we have any doubt programs to finance our programs or I see helping hands helping hands we help families in need. We have around 100 families

01:33:15 --> 01:33:22

registered with us and they need help. So give them food every month. Well love to Allah for the law.

01:33:23 --> 01:33:23


01:33:31 --> 01:33:34

it's very possible. So I read

01:33:35 --> 01:33:35


01:33:37 --> 01:33:37

year of

01:33:40 --> 01:33:41

Saudi Arabia

01:33:43 --> 01:33:43


01:33:45 --> 01:33:45


01:33:47 --> 01:33:50

to basically have a rite of passage.

01:33:52 --> 01:33:54

Because they basically argue that

01:33:55 --> 01:34:01

market price is not a very good indicator for your wealth network.

01:34:02 --> 01:34:04

So rather than having to

01:34:05 --> 01:34:11

be surprised by what's come out today, we can take some fabric price

01:34:12 --> 01:34:13

the whole year.

01:34:19 --> 01:34:38

It could be an opinion verse. As a basic principle, the value of the calculation of the cat or the way calculate the value fields acquired how much you you have to pay is based on the market price of your assets on that day.

01:34:39 --> 01:34:45

Because if you sell your assets on the same day, this is how much you're going to receive in your hand.

01:34:47 --> 01:34:53

In talking about long term investment, long term investment we have we have mentioned the formula

01:34:55 --> 01:34:57

specifically for companies Yeah,

01:35:00 --> 01:35:03

Bitcoin is has to be treated like fiat money.

01:35:04 --> 01:35:05

It's money.

01:35:08 --> 01:35:09

So one day could be

01:35:11 --> 01:35:13

20% per day. So yeah.

01:35:15 --> 01:35:18

We were talking about cryptocurrencies?

01:35:19 --> 01:35:24

Well, my question isn't specifically for women, but in the paper it was published in 2002. So

01:35:25 --> 01:35:26


01:35:33 --> 01:35:46

That's that is their opinion. But and I would go with the basic principle that you calculate the value of your wealth. On the day you're paying zakat. This is safer.

01:35:48 --> 01:36:00

And it is it goes both ways. Could be the value could be higher on that day, and you pay more the cat, it could be lower, and you pay less. So it depends on your, on the situation.

01:36:02 --> 01:36:18

Yeah, so I believe this is fair, Allah Allah, it's based on the market, this is the conditions of the market, it could be in your favor, it will be against you. And this is business. This how it works right? For

01:36:27 --> 01:36:28

you just take it on the day of

01:36:30 --> 01:36:45

the day that you're about one year is like, for example, if the stock is like got like six months, it's 100,000. And then somebody wants to drop 50,000. And then the day it's like 12 months, you mentioned, for example, 200,000.

01:36:47 --> 01:36:56

On the same day you are calculating, you have to see the value look at the value of your stocks, your holdings, a phase a cat, when that value

01:36:58 --> 01:36:59


01:37:04 --> 01:37:04

good, it's

01:37:06 --> 01:37:08

like having for example,

01:37:09 --> 01:37:18

let's say for example, that the price was going to be some seminar that's worth 20,000. And then it's detailed for one of the year before

01:37:20 --> 01:37:22

that anniversary becomes

01:37:23 --> 01:37:26

right. So if you have 100,000 for the whole year.

01:37:31 --> 01:37:34

So So I'll give you a basic principle regarding

01:37:35 --> 01:37:39

tiara, teacher trading activities, right.

01:37:40 --> 01:37:45

When you pay the cat, you pay zakat on the principle and the profit.

01:37:46 --> 01:37:48

So the profit is

01:37:49 --> 01:37:51

attached to the capital

01:37:52 --> 01:37:59

of your business. How much you you put in your business on day one, right?

01:38:00 --> 01:38:01

The profit is

01:38:03 --> 01:38:08

any there's a cut of the profit is based on the Zakat of the capital.

01:38:09 --> 01:38:14

Which means it doesn't matter how much this profit stayed with you.

01:38:15 --> 01:38:24

When it comes to teacher or the teacher. When it comes to business. You don't separate between the capital and the profit.

01:38:25 --> 01:38:42

Regardless, I'm not talking about bitcoins. I'm not talking about cryptocurrency. I'm talking about this basic principle for business activities and companies. We cannot separate they cannot Islamically in the books of fic. We cannot have a separate deadline for the profit.

01:38:43 --> 01:38:52

Right? You can have a separate deadline for an income that you receive that is not related to your business. Let's say

01:38:53 --> 01:39:02

your zakat anniversary is in Ramadan, let's say in Ramadan 15/15 of Ramadan right in Shaban

01:39:03 --> 01:39:06

you receive the big amount of money, you sold the house

01:39:08 --> 01:39:10

and he goes 400,000

01:39:12 --> 01:39:30

And then you have the choice to include this 400,000 In your zakat calculation and pay zakat on it but you still have the right to say I received this 400,000 In Shabbat I'm not going to pay zakat on it.

01:39:32 --> 01:39:33

Oh wait till

01:39:35 --> 01:39:59

One year has passed passed but not next Ramadan. You said it right. Next Shabbat. So it will be a separate zakat anniversary for this for the 1000 because it's a big amount a significant amount. But their own MIT said if someone is employed and he receives a salary, if he follows this methodology, you'll have to have as a head and diversity for each

01:40:00 --> 01:40:35

For each income right and it will be very complicated that's why the advise Muslims to just have one zakat anniversary. Right? On that time. You see how much you have any pays they have 2.5 And you have a peace of mind right? You don't have to worry about all these calculations and different dates. But as I said again, if you receive a big amount of money before one month before the you have the right to say, Okay, I'm not going to pay zakat on it. I'll have to wait I'll wait for one year and next year inshallah basic add on it, but

01:40:36 --> 01:40:52

it will have a separate deadline. See the different this is a separate income not related to any business activity. But if you have a business activity, then the profit is goes with with the capital alone that

01:40:54 --> 01:40:56

you're creating. Yeah.

01:40:58 --> 01:40:59


01:41:08 --> 01:41:30

If you are paying the cat in advance, yes, that's okay. in advance. Like let's say Matalan, your the cat anniversary is in Ramadan. And from last Ramadan, he decided to pay every month, give the family a payment every month, right? If it is zakat, paying the cat in advance, that's fine. You're paying the cat in advance. Right?

01:41:32 --> 01:41:55

No, you are not allowed to delay it. Because this is a very common question. The they always tell me people that I want to give some relatives rights a cat. But I know I feel they're not responsible. If I give them the whole amount, they will spend it right away. And next month, they will ask for help.

01:41:58 --> 01:42:17

I tell them I mean it's their problem. Give them the head thing. Get rid Yeah, fulfill your duty and give them before I give them zakat give them the Zakat, and it's their problem, how to deal with it and how they manage it. But if someone is Cepheus, if he you know what he says he is mentally challenged,

01:42:19 --> 01:42:29

then yes, in this case, you don't give him security, you give it to someone else, a guardian or a family member who will give it to him in a gradual,

01:42:30 --> 01:42:50

he will not give him the whole amount. He will try to spend it on him. He will see look at his needs and spend it on him. In this case, this person you don't give him the whole amount. But if someone is not is a normal person, then you give them a cat and whatever they do with it. It's their problem, because it becomes their ownership.

01:42:52 --> 01:42:55

Well, yeah. So with regards to like preference.

01:42:58 --> 01:42:59

It's better to give them

01:43:01 --> 01:43:01

like a one.

01:43:05 --> 01:43:05

For example.

01:43:07 --> 01:43:28

Yeah, if you have a justification and you want to give it to a family member who is in need, send it overseas to us. That's okay, that's fine. Yeah, but as a basic principle in our deen, we need to fulfill the needs of the local community first, so every community has to take care of the needs of their own community. This is the philosophy of zakat.

01:43:29 --> 01:43:32

Yeah, but it is permissible to send it overseas.

01:43:34 --> 01:43:48

Zakum Lohan. I think you don't have questions right? You're fine. You're good, everyone's good. She has a common law here in Dallas, Montana. Bless you bless your time. And again, we'll wait for tomorrow and see what will happen. Here is not the data

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