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Dr. Zaid Ibrahim Al-Kilani Appointed as the Secretary-General of the General Iftaa` Department
Author : The General Iftaa` Department
Date Added : 28-11-2023

Dr. Zaid Ibrahim Al-Kilani Appointed as the Secretary-General of the General Iftaa` Department

 

 

The Grand Mufti and the staff of the General Iftaa` Department extend their warmest congratulations to Dr. Zaid Ibrahim Al-Kilani on the occasion of the Cabinet's decision to appoint him as the Secretary-General of the General Iftaa` Department.

 

We ask Allah the Almighty for guidance and success to him and us.

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Summarized Fatawaa

I have 490 shares in a commercial company, and they have been held for a year. The price of each share is one dinar, noting that the shares are at a loss. I want to know the amount of zakat due on them?
 
 
 
 
 

Commercial shares are subject to zakat based on their current market value, even if they are at a loss. The zakat rate is 2.5%. And Allah Knows Best.

What is the ruling on giving Zakah (obligatory charity) to one`s relatives?

It is impermissible to pay Zakah to one`s origins (parents and grandparents) because providing for them is an obligation on their branches (sons and daughters) if they were poor, but it is permissible to give some of the Zakah money to relatives whose provision isn`t due on the giver of the Zakah.

What is the ruling on giving my mother a gift at "Mother's day", is it Halal or Haram?

Praise be to Allah the Lord of the Worlds.

There is nothing wrong with doing that as long as it isn`t done in imitation of the disbelievers. And Allah The Almighty Knows Best.

What is the amount of Zakah (obligatory charity) due on articles of merchandise?

The amount of Zakah due on articles of merchandise is (2.5%) of each article`s value after a whole lunar year had lapsed.