السبت 10 رمضان 1439
Saturday Ramadan 10 1439
Saturday 26 May 2018

Zakaat on Children’s Investments

Zakaat on Children's Investments

Q. Is Zakaat payable on investments that are in my children’s names?

A. Zakaat is not payable on wealth belonging to children (minors).

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Banking Details

Jamiatul -Ulama of Gauteng

Standard Bank
Meyerton
Branch code: 01-45-37
Swift Code: SBZAZAJJ

Madrassah Ashraful Uloom
N.P.O Registration no: 052 506

Account no: 302 217 401

Zakaat Account
302 217 959

Lillah Account
302- 217- 967

The Jamiatul-Ulama Gauteng is not a fund raising organization.
When depositiong funds,
make us your unfettered “Wakeel”.
If you are depositing Zakaat,
do please ensure that a few extra Rands are deposited in order to offset bank charges.

ZAKAAT INDICATOR

22-05-2018

Zakaat Nisaab: R 4441.90
Mahr Fatimi: R 11102.76
Minimum Mahr: R 222.79

Fidya Amount:

Hanafi: R20.00 
Shafi'i/ Hanbali/ Maliki: R7.00

What is meant by nisaab?

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THE HADEETH CORNER

15-05-2018

حَدَّثَنَا يَحْيَى بْنُ بُكَيْرٍ، حَدَّثَنَا اللَّيْثُ، عَنْ عُقَيْلٍ، عَنِ ابْنِ شِهَابٍ، قَالَ أَخْبَرَنِي أَبُو سَلَمَةَ، أَنَّ أَبَا هُرَيْرَةَ ـ رضى الله عنه ـ قَالَ سَمِعْتُ رَسُولَ اللَّهِ صلى الله عليه وسلم يَقُولُ لِرَمَضَانَ ‏ "‏ مَنْ قَامَهُ إِيمَانًا وَاحْتِسَابًا غُفِرَ لَهُ مَا تَقَدَّمَ مِنْ ذَنْبِهِ ‏"‏‏.‏

Narrated Abu Huraira Radiallahu Anhu:

I heard Rasulullah Sallallahu Alayhi Wasallam saying regarding Ramadan, "Whoever prayed at night in it (the month of Ramadan) out of sincere Faith and hoping for a reward from Allah, then all his previous sins will be forgiven."

Bukhari

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