
Is Zakat Mandatory on Pension Funds in Islam?
The increase paid by the traditional bank is forbidden because it is usury. One may receive it to give it as charity and no zakat is paid on it.
The increase paid by the traditional bank is forbidden because it is usury. One may receive it to give it as charity and no zakat is paid on it.
It is acceptable to use some of the money generated through Zakah to provide scholarships to poor students
Zakah should be paid on the money saved for marriage if it reaches the minimum and remains with you for one full year
The principle is that zakat should be disbursed in the country of origin, unless there is sufficient supply or a well-defined need outside the country.
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