Zakah on gold and jewelry : will and Zakah on jewelry, changing Zakah due date

Fatawa Question

Assalamu Alaikum Could I please obtain a copy of the Will as word document ? Does my wife need to fill one out separately ? And is this binding by Canadian law ? As for Zakah calculation, what about the view that one can choose a time in the year to pay Zakah (every year at that time) and whatever he / she has at that time is what Zakah is calculated upon ? So someone wants to pay his Zakah every year during the 1st 10 days of Dhul-Hijjah... When that time comes, he calculates his Zakah then. Also, for women's jewelry, it's an estimate as to how much is Zakatable (based on how much other women have of the same income level) correct ? How do we measure the value of the jewelry ? Do you teach courses in Islamic finance ? Did you ever consider opening an institution that teaches and researches in Islamic finance and economics ? Jazzak Allah Khayran, Assalamu Alaikum

Fatwa

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Publication Date

2006-06-27

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-792348

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