Fatwa Library

Money in the bank gets spent, so I park it in plots — no rush to sell; I may sell if needed or if prices rise. Is yearly zakat due?

I have saved for years to build on my plot and even bought some rods and bricks. Is zakat due on these?

I paid the landlord a hefty non-refundable salami for a shop; the possession can later be sold on. What is the zakat treatment?

Some people move money to relatives or show expenses just before the hawl completes to dodge zakat, then take it back. What is the ruling?

For tax/convenience some FDRs are in my wife's name though the money is really mine; she also has her own jewellery and savings. Who pays zakat on what?

After father's death we heirs received his pension/GPF money. How are his unpaid zakat and our own shares reckoned?

My elderly father can no longer earn but holds FDRs and land. Is he exempt from zakat due to age or illness?

I keep separate funds for my daughter's marriage and my own medical needs — surely this is 'necessity' money. Is zakat still due?

I have been saving for years intending hajj. Is zakat due even on money set aside for worship?

My retirement money sits in bank fixed deposits. Do I pay zakat on the full FDR yearly? And what about the 'profit'?

I contribute monthly to the government universal pension scheme — locked until 60, with declared return rates. What is its ruling and zakat?

Five years ago I lent one lakh taka — its purchasing power has fallen a lot. May I demand inflation compensation? And how is zakat on the receivable figured?