Tag: Zakat on business
They inherited wealth from their father and invested it in some business; how should they pay zakaah?
We are three sons, three daughters and a mother. We inherited 14,500 Jordanian dinars from our father and we invested this money in some business; every month we get 215 Jordanian dinars. Is any zakaah due on this amount, because this money belongs to everyone?.
Praise be to Allaah.
Firstly:
The mother’s share of the estate is one-eighth. The rest is to be divided among the sons and daughters, with each male getting the share of two females. If we realise that the nisaab (minimum threshold) for zakaah is the value of 595 grams of ... Continue Reading
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