Tagged Money

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Bitcoin! Let’s Talk!

Since the last few months I have been kept busy with questions about cryptocurrencies in general and bitcoin in particular. The correspondence regarding this matter was further hiked with the passing of a few fatwas concerning these currencies with a strong airing of these currencies being forbidden (Haraam). Furthermore, some of you came across a…

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Akhsar al-Mukhtasarat | Book of Zakat| Zakat al-Fitr and Sadaqah

  زَكَاةُ اَلْفِطْرِ وَتَجِبُ اَلْفِطْرَةُ عَلَى كُلِّ مُسْلِمٍ إِذَا كَانَتْ فَاضِلَةً عَنْ نَفَقَةٍ وَاجِبَةٍ يَوْمَ اَلْعِيدِ وَلَيْلَتَهُ وَحَوَائِجَ أَصْلِيَّةٍ, فَيُخْرِجُ عَنْ نَفْسِهِ وَمُسْلِمٍ يَمُونُهُ, وَتُسَنُّ عَنْ جَنِينٍ Zakat al-Fitr is obligatory for every Muslim when the amount of this zakat is in excess of his necessary expenses for the day and night of Eid and…

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Akhsar al-Mukhtasarat | Book of Zakat| Gold, Silver and Trade Goods

  زَكَاةُ اَلذَّهَبِ . وَأَقَلُّ نِصَابِ ذَهَبٍ عِشْرُونَ مِثْقَالًا وَفِضَّةٍ مِائَتَا دِرْهَمٍ, وَيُضَمَّانِ  فِي تَكْمِيلِ اَلنِّصَابِ, وَالْعُرُوضُ إِلَى كُلٍّ مِنْهَا, وَالْوَاجِبُ فِيهِمَا رُبْعُ اَلْعُشْرِ The minimum amount for gold is twenty mithqals (20 x 4.25 grams = 85 grams), and for silver two hundred dirhams (200 x 2.975 grams = 595 grams). Mithqal at times is…

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Akhsar al-Mukhtasarat | Book of Zakat | Agriculture

  زَكَاةُ اَلْمَكِيلِ . وَتَجِبُ فِي كُلِّ مَكِيلٍ مُدَّخَرٍ خَرَجَ مِنْ اَلْأَرْضِ, وَنِصَابُهُ خَمْسَةُ أَوْسُقٍ, وَهِيَ ثَلَاثُمِائَةٍ وَاِثْنَانِ وَأَرْبَعُونَ رِطْلًا وَسِتَّةُ أَسْبَاعِ رِطْلٍ بِالدِّمَشْقِيّ ِ وَشُرِطَ مِلْكُهُ وَقْتَ وُجُوبٍ, وَهُوَ اِشْتِدَادُ حَبٍّ, وَبُدُوُّ صَلَاحِ ثَمَرٍ, وَلَا يَسْتَقِرُّ إِلَّا بِجَعْلِهَا فِي بَيْدَرٍ وَنَحْوِهِ Zakah is compulsory upon everything measured by volume (كِيل) and stored that comes…

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Giving Sadaqah While Broke!

One of the top things on my list of things to do in the last 10 days of Ramadhan this year was (and is) to give sadaqah every day without fail. As we know, the virtues of sadaqah are plenty, among them are: it extinguishes sins as water extinguishes fire, it stands in the way of…

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