Walead Mosaad – . Maliki FiqhTadrib AlSalikClass 22 Zakat Part 1
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Smilla Rahmanir Rahim Al hamdu Lillahi Rabbil Alameen Allahumma
Salli wa Sallim wa Barik ibotirama to me. So you didn't know Mohammed
didn't interview me, while early wasafi edgebanding robot. So we
are reading from the text that Reba Selleck, you know, karate
Academy mosaddek females have emailed me Malik are the law and
who Allah. And we have finished all of the chapters associated
with Salah with prayer, and that includes the chapter is dealing
with the hara, or
ritual ablution or purification that is done prior to prayer and
of the three main types, namely, we'll do an horseland TM. And now
we have, we also covered the section upon funeral prayer and
prayer of the two AIDS. And now we move to the next little coin or
next essential of Islam, namely the cat.
And the cat in Arabic comes from the verb zakah is Gu which they
said means a new mu or increase. So it seems that this is a way to
actually have an increase and not a decrease. People traditionally
are conventionally think when you give something away, that you're
losing something but actually you are giving something in the Hadith
evaluation of Yolanda when she
gave away in South Africa, no in charity lamb and she told the
prophets I send them all that is left is the shoulder I believe.
And he said no everything is you have given everything except the
shoulder. In other words, we have we have gained everything but you
left the shoulder behind. So that's why
this occurred is seen as not something where that one could
find bankruptcy or to be put in a difficult situation but rather the
opposite. So there's
you know that that which would be renewed when someone gives us
another word was again, that's also used in especially in the
medical method is sadaqa. Sadaqa sometimes means charity, but it
could also mean the cat like in the Quranic verse,
sort of Tober in the Masakatsu for Herat, when Miss Akira died
writing.
So the seller Katya means is, which is the US law for the
categories of Zika, which we'll be going over in this chapter of the
cast. So it's meant Sadaqa means ministereth, from sincerity. So
the one who gives then gives freely and happily then that's a
test of your sincerity. So it's actually giving something away,
where there's no sort of
tangible dunya benefit that comes back to you. But the benefit is
purely actually for yourself, even though you may not see that. So he
says GitHub was again, the chapter doing once again as the organic
Islam
Vaccarino scholar call it a work radula
Locati random and federal Kobina Salatu was the cat. So he said
this is one of the pillars of Islam. And one of the five
pillars, as we know will Kadena who's salah, and it is paired
oftentimes with the solder as we find in the Quran, worldly masala
to Zeca.
So it is considered to be an essential just like the prayer is
to the degree that Abu Bakr Siddiq, the companion of the
greatest Companion of the Prophet Cyrus and I'm said that I will
fight those who make a distinction between the prayer and the soccer.
In other words, seeing the prayer as an obligation but considering
this okay not to be an obligation. And for anyone who denies the
obligatory nature of something that is known from the religion
necessarily like Salah like soccer, then that's incompatible
with a faith in Islam. In other words, it's no longer Islam. If
you say I believe in Islam that has prayer, but it doesn't have a
cat. That's not Islam anymore. That's something else if you to
follow it, but don't call it Islam or the Islam of the Prophet
Muhammad's arson.
So, he says what he means by that Fatah Shibu Allah Mukalla, McAfee
female
what does she do free man is sabe Well, Majnoon, one mohatta will be
held Willy.
So this is he says, Hey, I'm in the favela, Walla, which there's
two types of setup or two types of ways that Allah can command us to
do something or to require us to do something. Something is called
with all the tech leaf or photopic voila. So he thought the tech leaf
means you personally, as a person, this is addressed to you as a
person. So when it says what a theme of Salah that's addressed to
you as a person, so not that the prayer has to be prayed but you as
an individual have to pray
versus does occur and this is specific to the medical method.
Hanafi madhhab actually sees this again as also linked up with tech
leaf. So, the Hanafi madhhab believes that also this again is
to be paid by the person. And it was the the discourses that
addressed to the person when we set up the wall that it means the
address is addressed to the wealth itself, regardless of who owns it.
So that means that as you buy more colorful, female, with as you want
and malice, Obi Wan Majnoon, so someone who is mocha left, in
other words, you meet the required required
conditions of tech leave, and that you are, are Muslim. And you are
of sound mind, so forth.
Actually, in this in this instance, only that you have meet
the the, the requirement that you're Muslim, because sound mind,
that's something specific to the individual. And here we're talking
about the wealth. So he says with, as you will female, this will be
one dimensional. So in the the wealth of the young child, who is
not of age yet, but raised by Muslim parents, and of the person
who's insane or otherwise, indisposed to having access to
their wealth, for a period of time, whether it's definite or
indefinite, there is still as a cat to be paid on their particular
wealth,
that still has to be done. So that's from free thought. And
voila, just like,
you could think of it almost like Fanta cafe, almost like a communal
obligation. So
in this case, though, if there's someone specific, who is in charge
of the wealth of the of the, let's say, the orphan, or the young
child, or the person who's not able to access their wealth due to
some mental illness, then that Welly or the person in charge of
that wealth, then they are the ones who have to pay this occur on
behalf of the wealth of the person. So if they fail to do that
there's no sin on the child and no sin on the person who's mentally
ill because they're not Micallef on the individual basis, but the
sin then would be upon the person who was tasked to, to pay this
again, the Hanafi method would say no Hanafi Mata would say, even the
child and insane person, they don't have to pay zakat on their
wealth, until they become sane, or until they reach the age of
pubescence then replace account on their wealth. So a medic likely
more looked at it like as a societal obligation rather than a
individual obligation. So he sees the cat as Heartbleed for fear as
a right of the person who is deserving of it. So that means
that should not stop or should not be
prevented, due to the nature of the person giving it but looking
purely at the nature of the wealth itself. Well, the whole item so
that doesn't mean that the Hanafi school didn't say that the faulty
or the individual person doesn't have a right to it, they do but
they were looking more specifically at this is something
that is a responsibility of the person who owns the wealth and so
to make meet that responsibility, they have to have certain
conditions and amongst them would be the same conditions as for the
one who's praying whereas the Medicare what the law and
homestead law how we're going to toggle whether it's from something
of the water which means once the wealth is there, and it reaches a
certain amount no matter regardless of who owns it pays a
lot.
So what would you have in Dhaka Daini?
One now?
Why should we No, no one minute Who boo boo.
So
there's about four different types of okay, so he says woowoo, half
in knock Daini that's the first one. So it's obligatory for
nicotine, obviously, these are checks that are in pre modern
times, and not codeine and nukkad means that which is used as
currency. In pre modern times, people used to make exchanges and,
and trade not just using currency, not just gold and silver, but
there was a bartering, bartering system in place. So you could like
buy three camels with 10 sheep or whatever, and make that exchange.
So
there's times many of the farmers and many of the of the people who
worked in animal husbandry and livestock and then necessarily
have cash, or what's called a knock down or golden silver. So,
they consider that a separate category which will go off in
knuckling. So, gold and silver traditionally are considered to be
the NOC de to be that which is
used to exchange goods.
Most of the most of argument after that said anything, you shipped
your home Oklahoma, anything that takes their place also would be
considered the cattle. We're gonna use that word. So modern day world
currency. So whether that's US dollars, whether it's Euros,
whether that's British sterling pounds, whether that's Japanese
yen, all of those
Things are representative of ways of exchanging goods and services
and so is a cat would be payable. If you have an account in dollars,
or if you have an account in gold, or if you have account in euros or
if you have an account in pounds, it doesn't matter, it doesn't make
a difference. So for all intents and purposes, we'll consider
any currency as also the same category as in luckily, in gold
and silver. However, when we get to the nisab, which is the
requisite amount, it will be measured in terms of gold and
silver, then we will look to the equivalent depending upon the
current market price of gold or silver. So gold and silver still
kind of stable as the world currencies. And one of the reasons
for that is because they're finite resources.
So there's only so much gold in the world, and there's only so
much silver in the world. So in the pre modern system that was a
way of kind of regulating
prices. So unlike today where people government, government
treasuries can just print money. And then we have the issues of
credit and inflation all the other things which I won't get much
into. But for our purposes, gold and silver dollars, yours all the
same. For NACA Daini would you buy for nothing, this was obligatory
in currency, one Nam. Nam is a is a word that just means animals,
farm animals that are the cattle and there are three categories,
which we'll get into more later. But generally speaking, we're
talking about cows, and we're talking about camels and we're
talking about sheep and goats. So included with cows would be
anything that's like a cat like a water buffalo old gem was like in
India or Egypt, where they have also the water buffalo is
domesticated and that is considered to be same category as
cow, whether it's male or female. And camels is a category by
itself. Again, that's kind of specific to the Arabian Peninsula.
And then sheep and goats are considered also to be that
category those are now where sharena No one mineral herb and 20
types of
grains and peas and seeds.
This is where people who farm these things. So it's considered
not just that when they sell them, but the actual amounts that they
have will have a certain amount of it as we will see either
either 10% or 5% depending on if it's irrigated
by natural by rainwater then it would be 10% if it had needs a
artificial irrigation system, it will be by 5% So we'll get to
that.
But what they have in common is that these things can be stored
and our staple commodities, in other words, communities can store
them and then they use them all year. And so the considered to be
as a cattle thing because they have that type of value in
society. So 20 types of the hog Uber of you know seeds and grains
and peas and so forth. So he says a thumb which are dates was the VB
raisins were born which is wheat Shire is Barley was Laura corn,
what which is millet. What arose Rice was sold which is a type of
barley that's unique to the Mediterranean, what is also type
of wheat unique to the Mediterranean. And so those are
kind of the grains. What a cotton is about which are seven types of
peas which includes harmless chickpeas food which is fava beans
lluvia which is
cow pee, others which is lentil thermos which is a Lupin bean
ban which is also a type of P or sometimes called Indian p when
Bismillah which is just green p
and then also they said anything that is like those that can be
stored and are a staple part of the diet can also be considered
acceptable although while catani A Sabha
and those are the I mentioned those the peas and then without
the zeuthen Arba the four types of oil
which include sesame oil and olive oil and
oil that's made from a radish
red radish
and then what another type of vegetable that is like that some
of them said also sunflower oil would be considered part of that
because it's similar to the zaytoun to
to olive oil
so it's not actually on these youths not actually an oil
themselves but the product where the oils come from which is the
actual vegetable.
So those are in terms of crops will McKenna lead to jewelry mess
he was Eric warmer candidate to jollity messing with Eric and that
which is part of commercial transaction or merchandise which
we'll get to also
Have a category as well, from not those things. So to repeat, the
cat is going to be upon if one has access and will define the access
or the requisite amount of cash, whether it be gold and silver or
any other type of currency. And also if one would pay on their
farm animals, namely the three types of cows, and camels and
sheep and goats, and then all of the grains and peas that we
mentioned those crops, one will also face a cat. So that means
oranges and apples and mangoes. And if you have a grape vineyard,
all of those things are not as acceptable. You would pay as a cat
on them when you sell them. Right when you make money for them, and
then you'd be of the first category the one who has cash, or
it would be considered as a tea Giada if you're buying and selling
on a consistent basis, and we'll get to that at the end is probably
appropriate section then you still pays the cat. So technically, if
you're if you have an orange grove, or orange groves, you are
going to base a cat, but you're not going to pay in oranges.
That's the thing you're going to pay in whatever you make from the
orange grove. Versus if you have an olive grove, or many of them,
then you would actually pay in olives and not in cash, that's the
difference. And then the amounts would be different. So you'd
actually pay more. If you have the actual Grove, you'd pay either
five or 10% of the volume of the particular growth depending if I
was irrigated naturally or artificially. And then if it's
something that you're going to pay in excess,
when you reach the nisab, then it'll be two and a half percent.
So that's where the difference comes in.
First, so section fees are cat and knock again. So looking at
Gold and Silver.
And on one way you will have to be female in terms of cash and
currencies. Yes, you are the American nisab or Amina Xabier
Sharona Dinara well, your tableau Gumina laity, and Meji DSLs at
ASHA, have a solution or may not feel blessed to meet at their home
on my blog will Herman Rubia in Indonesia sit down with him Sue
wood.
So this is written the time of the author which is like early 19th
century I think early 20th century so he says he has your automatic
and nisab so whoever has the requisite amount, you have this
minimum this nisab
wahome in the hub assuring Dinara, so it's 20 dinars of gold
and then he says wait a minute later I think measure media
Salazar shirasu fence so before
in the Arabian Peninsula before the Saudi Kingdom came to power,
this was the currency that they had this the euro and Nigeria and
it says it's X amount. We're not too concerned about that well may
not fit Dottie, me etc. And from football from silver it's 200.
Durham's, so why 20 gold and 200 silver coins, usually not now, but
in pre modern times, there was usually like a one to 10 ratio
between gold and silver. So, usually one gold dinar was
something like 10s over Durham's, now the rate is much wider. Now,
gold is much more precious, valuable than, than the silver. So
we,
we estimate it based upon gram weight and so forth that in itself
today is anywhere between 2500 to about 3000 US dollars, that would
be the nisab if you measured it in gold, if you measured in silver
being much less would be a few $100. So
but I think going by the gold standard, we stick with the
$3,000. Us or so around that much would be the nisab.
So what is this nisab? It means if you have this amount, right? So
let's say you're working a job and you're living paycheck to paycheck
and you never have $3,000 in your account, then you wouldn't have to
pay.
So if you never want at any point held on to 3000 US dollars or more
for a whole year, right and it didn't go below this nisab then
you would be
you would never have to pay zakat on that fact you may be a
recipient of Zika we'll get to that later, but you wouldn't have
to pay. So he says we determine Isabeau mean a hottie Hema how
much more AMI Hema na Hakuna endo severally rotten Illa Solothurn
was MLR Shona Rubia rupees Yanni What can a Maluku 10 Min be
falafel Abdullah gossip was your bet fee his go to battle how? One
Mukherjee Minho Robert
so if you have the nisab from either one category or more so
So in our particular case,
if you have multiple currencies, you have an account in US dollars
every other account in euros and have another account some other
currency, look at the sum, not just one. So if they all add up to
3000, US plus, then at that point you would have to pay zakat on it,
assuming the other conditions are fulfilled, which we'll see in a
second. So what are the other conditions?
Your milk is Tam. And multitap means you fully and wholly own it
and can have it.
So in pre modern days, when the people were in bondage, and the
slave actually own things, but they're more the milk of it, is
not them, they don't fully own it, because their master owns some of
it, because they own them. For obviously, we don't have that
situation anymore, or the loss of the usurper. Not that he'd be
thinking about paying us a cat. If someone embezzled money, but
their milk is not 10, either, right? They don't actually own
that.
So if they have full ownership over sovereignty over and
worried about three years ago to battle how, after a year, has
passed, an Islamic year, so that's the lunar year. So let's, the way
to do it is to choose a month.
If you're a salaried person, let's say if you receive a regular
salary,
to choose a month, where you're gonna start counting, say it's
Ramadan. So, if in little Milan, you have $3,500 in your account,
and then throughout the year, it goes up and goes down, it goes to
10,007, and eight and whatever, but it never went below 3500. So
if the 3500 stays with you until the next Ramadan, then you're
going to face the cat on that 3500 how much you're going to pay
global ocean, which is two and a half percent
of the 3500, then that would be the cattle. And then you look at
it from that and Ramadan and see how much you have. So let's say at
the end of that Ramadan, you had 5000, well, you only responsible
to pay on 3500, because you didn't have the 5000. Throughout the
year, you only accumulated that in last few months, then the new
amount you're looking at is five, if the five stays with you,
throughout the year, then you pay on the five, if it drops, three,
then you pay on the three, if it drops below three, such as by the
next time, I'd only have less than three, then you don't pay for it,
guess what I can, this is for a salaried person.
However, for other types of people, it's going to be
different. Like if you're a trades person, and you're buying and
selling and or if you acquired wealth, then there are different
rules which we'll get to a second
well, how law repeat
how loosely he or yokomoto became the sub from America the Ninawa
Dojo Rafi here, follow ba shrauta. Now axacon Little Holy Hour in the
home care who the Holy hat will somebody command in this orb.
So let's say you are a trader. And here, a trader in the sense that
you are buying and selling buying something and selling it for more
than what you paid for it. That's what he means by trade, not that
you buy something and then you are renting it out and you still own
it. That's a different category. So this category, the RIP, so how
do you how do Asli
so the whole or the year that we count for the profit? is we look
at the capital. When did you acquire the capital? Not when did
you acquire the profit? So let's say
I had $10,000 that I I have in January, or let's say Ramadan,
make it simpler. And I traded with it some things, I bought some
merchandise and I sold or whatever. And then at the next
Amazon book from that 10,000 I now have 20,000 but that I acquired
during the year. So
how much do I pay? Do I pay on the 10,000? That was the original and
when do I pay? No you pay on the 20,000 the whole thing and it's
from the Ramadan when you acquire the 10,000
because the year that you're going to start counting is from the year
of us of one you had the original capital and then you do it from so
let's say I inherited an amount of money. This is called fat either.
When I inherit something I don't base a cat on it until a year
passes. But let's say I took that inherited money and I bought you
know
some bananas about you know and I trading in bananas and I made
50,000 from the bananas. When do I start counting when I inherited
that original 10 How much am I going to pay on the 60,000 if a
year passes and I still have it in cash
well together so this
is called the holler rip. So the Prophet itself, go back to the
original date.
So the example he gives from an Melaka are shorter than any
reverse tender humps 10 dinars. What does it have here and traded
in these 10 dinars for Rama ha shorten axon capital held over are
in the Hoosac Hooli? Howdy here. So let's say you had less than the
nisab. That's his example. So tendinitis is less than 20. So
let's say I started trading, and I had $1,000. And I started trading.
And then
I made 2000 on it during the year. The 2000 came like around June,
though, but I made it from the original 1000. When do I start
counting for the 3000 that I've maintained in my possession? From
when I got the original 1000?
Not in June, when I made the 2000. But I go back to the month where I
made it first. So that's what you're seeing here for our hotshot
XL cobbler how our Ender who, so if you make that money, before the
house, or in the hosaka, HOLY Holy, we're in La semana liquor
man in the salt if you don't make the nisab. So I had 1000. And I
mean, no, 1000 that's 2000 throughout the basic Katana, no,
because I don't have the nisab three, one, I complete it. Right,
whatever that time is, then I pay for I make two or three, then I
pay the this account. That's called a river profit on something
that I had capital I acquire. I'm Melfa either refer either means?
Well, who am I to judge the treasurer did I mean kahibah Oh,
807 McTernan. For your stock. Well, we'll be here for either
means that's something that I traded but something that was
given to me that I acquired. So it could be a gift, it could be
inheritance.
Or I could have sold something that I possessed that was for my
personal use, like a car, or a house or whatever. So that was my
personal use. I wasn't using it to trade but I sold it. Then once I
sold I sold the car for 20,000
That was my personal car not a Carlos you need to I'm not a car
dealer. Then I count for the 20,000 a year from when the time I
sold it. This is called Alpha EDA
because I let in my studio ality genre
so this is Allah which means that which I get from a yield of
something I bought to get its yield like rent for a house or
rent for a car then in this case, I am going to pay the same as the
fair either the moment I get the rent money
and it makes the nisab then I'm going to pay this occur on the
rent money.
Now when I acquired the thing that I was going to make the money on
so let's say I bought an apartment complex.
When do I pay the money? When do I pay this? Well, the apartment
complex I didn't buy it to resell it. That's a different category as
we said, that's making a profit but I bought it to rent out the
apartments then in this case, it's like the 50 that it's like the
thing that I just got so I have to wait a year after I make the nisab
from the rent money then I'll pay whatever is a cat is do two and a
half percent on the rent money
when I get the rent money, yeah, when I get enough rent money, then
then I count from there from that point.
When Melaka is sovereign, I will defer the doona Who is that girl
Mustafa howling you are in call?
Should be warmer American Southern? What's the further doula
who?
Zack can Mr. Fed? Be holy? He were in call.
So someone
gets the nisab.
What's the further do in other words, you have the nisab. And
then from that something else you bought and you rent it from it?
Yeah. And it's the Fed. Yeah. And another family that came something
came to you, Zach. Ken was the fed the holy he wins
because it came from the original amount that had miss up. So I
didn't use all of the money I use some of the money. But I look at
the whole thing from when did I originally acquire the capital?
Ramadan and it was 3000 Whether I bought an apartment or I didn't,
some of it I left and some of it I did not. And then I got money from
you know, renting out that thing. Then I looked because I didn't use
all of the money that I look from the original time of the
of when I acquired it, and then I paid the cash
On that date. In other words, I look at that date, not the later
date of when I got the other money from it.
So that's in terms of either Vala for either or yield. And something
that I acquired via via gift or inheritance, or I sold a personal
item. This is all called fair EDA. And to reiterate that I am only
going to pay this occur upon it, once the year passes from the time
of sale, not from the time I acquired that thing. So if I
inherit a house or inherit a car, and I'm using it for my personal
use, I don't pay any cash on that until I sell it.
And the same thing, similarly for the color for the yield or read
from a house or an apartment or a car, when I collect enough of the
rent, if they pay me one shot for the year, then at that point, I
count from that point in time until count a year for remains
miss me.
Then I paid this Okay, so the only thing that I'm looking at, where I
don't count the year and I look before the year is, if I sell
something for profit, not that I rent out its use but actually sell
the item. Then we say is the collar mentally costly? We looked
at the date when I originally acquired that item, not the date
of sale.
And that's where I count from the year to year. Aloha.
Then he moves into multi genre
and he said to genre lists mean ethical well either. So in terms
of commercial merchandise, there's two types of traders.
One is called an MATEC martagon means
i I'm waiting for the highest price. In other words, I'm holding
on to it until I feel the market conditions are right then I'll
sell it.
That's like someone who owns maybe a stock portfolio. If they're not
a day trader day trader is different we'll get into in a
second or someone who
owns a rare item like a you know some sort of antique and they only
have like one of them in the waiting to sell it to see when the
right price is. So this is called the mark Decker mill Ijarah and
Madeira is someone who owns a store and is buying and selling
merchandise and you know maybe their inventory at any one point
is a day or two or three and then they sell. So this is called an
moodier now than moniker. So there's buying and selling all the
time. So they're having a constant to juggle, they're having a
constant renewal of their inventory. That's a different
category than Mr. Tech is the one who's waiting on waiting for
market conditions or writing to make that one sale. So the
attacker all of the years to do we say that he has Allah al as work.
Now you call women as we describe an attacker is the one who's
waiting for the right time working conditions to sell now you call
woman who doesn't count his inventory right because the other
guy is going to pay on his inventory this person is going to
pay when he receives or gets a sale and never use that good luck
Buddha mean if Manny Isabella honey sobbing Wolfie murottal How
many only milk honestly he was
some of our dedica yuzaki merkaba in the housing market.
In the US that killed backboard I mean as many her Isabella tiny
Sorbonne.
So in the music in backwoods so that which he has acquired from
its sale, if it makes the nisab like 3000 or plus dollars in our
case,
what if he murottal How aluminio women costly, even if he sells it
and gets another one sells, it doesn't matter if the intention is
ethical or waiting for the right marketing conditions, then you're
going to measure from the day yomo milk or slinky from the day that
he acquired the original thing. That's when you measure the year.
All the last time he pays a cat on what he acquired some other dedica
User Key merkabah and then after that, you will pay the cat on that
which he has. He has he has acquired even if it's less because
you look into the original item, not the money that you made after
and only for one year.
In other words, I can hold on to this thing for five years after
pays a catheter for five years in a row. No, just as soon as I sell
it. Then I wait a year and then I pay this
and moodier than we do is different. Well, we'll let you lie
you also don't swap this is the one who has a cost in inventory
change of inventory. All the lawyers will swap it is not
waiting for the right market condition. He's selling up market
price whatever it is that day, I sell fish. So fish has a market
daily rate. So whatever that rate is, I'm going to sell it that day
or less
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So complicated, but not really. Basically.
I have an inventory, and I have cash, some things I sold, and
this person will look, you know, at the specific time in the year,
whether it's here he mentioned Sure, well, and then or it's how
Rajab. And then he looks at that time, he said, if we were because
he's buying and selling every three days, he's getting rid of
them, or maybe every day, and he's getting new inventory. So how does
he figure out he said, let's look what we have right now in terms of
cash and inventory. If I was going to sell this inventory today, when
I'm going to pay this, how much would I sell it for? He said,
Well, if you have steel, and you have, I would sell it for 800,
whatever.
Then I pay on the 800 plus whatever cash I have from the
other sales, and that I would do on a yearly basis.
So he doesn't actually, he hasn't sold 800 yet, but he said, If I
were to sell it today, how much would I get for it? So this is
someone who's fairly confident that, you know, they change their
VA, you know, their merchandise is in and out all the time. So like
Jeff Bezos of Amazon, he's fairly confident he's going to make
$50 million of sales or 100 million in the day. And how long
does the inventory stay in stock, maybe a week or something?
Whatever it is, certain inventories constant change. So
he's looking at all his inventory and say, How much is all this
worth? Worth to sell today? Right, because that's what he's been
selling on here. And then he would pay this a cat on that amount.
What does it feel called? Well adore Er, well, Mr. Suba, Illa.
Battle club? Do you feel holy forgot?
There is no sir cat in a loan. So I loaned somebody some money. I
don't have it with me, I gave them $3,000, which is an assault, do I
have to pay a cat on it while the other person is using it? As a
loan or using it?
In that sense, no. Until what? Till he pays me back. Once he pays
me back, then I look for the year after that. If he stays with me,
then I paid as
well. Or if I had money to get lost, and you know, the Secret
Service is looking for and they can't find it. But do I pay on it?
No, because I may not get it back? What am I soba or stolen money? In
other words, I someone stole money from me. Do I have to pay on this
gun? The stolen money? No, I don't because it's not in my possession
anymore. In the battle club, for the holding forgot, and then only
after I acquired. And then even if it was gone 10 years, then it came
back to me I will have to raise a count on how many years just one
because it wasn't in my possession. Those 10 years
will loathe
them. So I'm going to stop here. And then next time we'll begin
with the cat and but a couple of closing things. I know many people
are gonna have questions about like modern
transactions and stock portfolios and things like this, which is
quite complicated. And I didn't he doesn't always doesn't go into
that. But there are are different ways of looking at those things.
Generally speaking, speaking, we look at the same principles,
especially when we're talking about things that are commercial
and people use for savings, but they actually are what we consider
to be a type of T jaw, a type of commercial base, as he says. So it
depends on which category we'll put them in, if I have something
that is easily convertible to liquid cash. So I have an asset
that's convertible to cash very easily, like equity, like stocks
in a publicly traded stock market. Basically, it's an order and then
you get the cash maybe two or three days after it. So we
consider that something very easily convertible. So some of the
automat have said this is in the same category as cash. So if you
own you know, X number of shares of Apple and you have enough
that's the nisab which at this rate is only 10 shares because
apples selling for like 300 now, so that's 3000 Then, if I have 10
shares of Apple that have kept that with me
Do I consider that to be like cash and I have to pay on it, or do I
consider it something else?
It depends.
If I say I am attacker,
right, if I say that I'm actually not keeping it as cash, I'm
keeping it to make an investment. Right. And that's what I'm after
could is is an investor. So if I have something I'm keeping an eye
on, I'm waiting for the right market conditions to sell it. So
I'm waiting for Apple to get to 400 before I sell, so that means
I'm not going to sell at any price, that means I can consider
myself to be the most accurate, that means I don't pay zakat on it
until I sell it.
Because if I were to sell it now, and I have no other, I don't have
any other cash to pay for him, I'd have to sell some of the stock in
order to pay this again. So the shoe that doesn't require me to do
that,
of course, the metal and filing for what is better for the person
who's the recipient of Zika. And societally speaking, this debate
is like an honor to be on the safe side, assuming you have all the
cash that you can draw from, right from from the 3000, you have, you
know, 10% is 300. So we're only talking about like, you know, $75.
So if you have that somewhere else, it's safer to, I would say
and better for on a societal basis to pay that you don't lose
anything. If you intend that it's okay. But also the Sharia is there
to say if you are protected, and you're holding on to it, until you
sell, then you would not pay zakat on that same thing. If you're
holding on to
real estate, you're not renting it, like it's a piece of land. And
you know that they're going to build a highway and there's going
to be a commercial central mall across the street. And then once
that happens, you know, it's going to double and triple in price. So
you're not selling now, and you're waiting for this, this course of
events to happen. And a piece of land is not easily converted into
cash, it's time to do that. So this would be like an attacker
also, you would be waiting until you sell it until the sale comes
once you sell it and you have the cash, then you wait a year on that
and you pay the cash on that.
That would be another scenario.
However, anything that's like very close to cash, obviously, money in
your checking account. And I would say even in your savings account,
would be considered cash and knock down and you would pay this
account on it. You know if it stays in your account over the
year, and you'd pay that amount.
I guess that's kind of basically
most of the things that I can think about right now. And if
there are questions we can we can answer them. And then we have a
week people could think about specific things and then we can
try to think about that to follow up from today.