Please note that if my weight would be 1E6 times less in a planet, so will that of the gold. Does allowable we vary with the value of acceleration due to gravity?
for your own benefit, you can find a loophole in the religious edict. weigh yourself on a planet X then wear equivalent of your weight in gold on earth! :)
1 g was an example. i dunno how much gold is used to make the flimsiest possible wedding band. may be 2-3 grams?
What if upper limit on earth is 2 g. And I weigh 6 on planet Xanadu. Would I HAVE to buy 6 g of gold on earth? Or can I buy anything up to 6g? In other words, is there a minimum wt reqt.
hoarding gold will incur yearly zakaat payments. why not sell it and use the money in business?
i have about 40 tola gold and i wanted to sell it but my mamoo said not to sell but keep and pay zakat. he said when i pay zakat, i will feed some poor and if i sell my gold i will nt pay that zakat. y not keep my gold, use and enjoy while feeding some poor.
i have about 40 tola gold and i wanted to sell it but my mamoo said not to sell but keep and pay zakat. he said when i pay zakat, i will feed some poor and if i sell my gold i will nt pay that zakat. y not keep my gold, use and enjoy while feeding some poor.
that's such a nice thought and intention. i think it's great idea...not many people think that way...most people try to avoid paying zakaat just like they do it with their taxes...i solute your maamuuN for such a noble gesture towards the poor.
do it by all means...everyone will be happy...you will be happy to enjoy your jewelry, poor will be happy to be helped and Allah will be pleased with your act.
may Allah reward you and your maamooN in this world and in the hereafter.
btw, paying zakaat/sadaqaat increases your wealth and not diminish it as it seems but unfortunately most people do not fathom it. :)
Do people need to pay zakat on their retirement funds in the Western countries where there would be a big penalty and tax implications if they withdrew the money early ? Meaning they really do not have access to this money to use until retirement age.
that's such a nice thought and intention. i think it's great idea...not many people think that way...most people try to avoid paying zakaat just like they do it with their taxes...i solute your maamuuN for such a noble gesture towards the poor.
do it by all means...everyone will be happy...you will be happy to enjoy your jewelry, poor will be happy to be helped and Allah will be pleased with your act.
may Allah reward you and your maamooN in this world and in the hereafter.
btw, paying zakaat/sadaqaat increases your wealth and not diminish it as it seems but unfortunately most people do not fathom it. :)
My mamoo is very religious. We (my brothers, sis and I ) are very strict on zakat and even on Interest (we have mortgage but thats due to no choice as islamic loan not available). For our savings we tell bank not to pay us interest and if they happen to do we donate that as well. Our relatives in Pak thinks we are crazy for not having interest on savings or giving to poor that interest.
My mamoo is very religious. We (my brothers, sis and I ) are very strict on zakat and even on Interest (we have mortgage but thats due to no choice as islamic loan not available). For our savings we tell bank not to pay us interest and if they happen to do we donate that as well. Our relatives in Pak thinks we are crazy for not having interest on savings or giving to poor that interest.
masha Allah...very nice and the right thing to do. some say why leave the interest with the bank? why not take that and use that to help the poor [not considering or thinking it as Sadaqa]...i am of this opinion. i take the interest and give it to the poor without expecting any rewards from Allah. If Allah rewards me out of his benevolence will be an added bonus! :)
you guys ain't 'crazy' for sure...those way say it don't know what they are talking about or they ain't religious enough.
this one is quiet a tricky one since we are given gold for 'investement' purposes but no one let the couple sell the gold in the first few years.
i am not fond of gold at all, but my parents insisted and convinced me that i could use it for rainy days or as a help for a home deposit. parents are ready to spend thousands on gold that daughters will never wear happily but would not give the same amount in cash ... a tad strange.
I don’t know why some people say “oh no gold please, phir zakat deni paregi” umm, if God has given you enough then cherish the fact that you’re able to give something in His path instead of seeing it like some headache chore. Apne dil ko thora bada karna chahiye
^^In our family we get a house deposit (if we don't have a place already) rather than extra gold.. Property prices tend to rise a LOT (here nr London at least) and it's more practical having your own place with the security that comes with it than being dependent on extended family + inlaws imo..
I think there is a difference of opinion among ulema on this. Some say that since you don’t have control over it, you are not liable till you get control. Some say you do have control, coz you are making investment decisions on that money. One eg. of the latter is here: Public » Askimam
well you are suddenly afforded a choice…you can chose to follow the one that is easier…isnt that a blessing? you cant say the easy one is the wrong one, coz even the easy one has the backing of ulema.
People in the West can save a lot in zakat if they do not have to pay on retirement funds.
If zakat is due when the retirement fund is cashed and a year has passed, they never have to pay.
That is because people usually only withdraw/cash the amount they need for the year to live on.
What about calculating on the amount you get to keep after penalty and tax if you were to withdraw today.
I would estimate that to be 60% of the value of the retirement fund today.
how so?