The Fiqh Council of North America has ruled the following on this topic:If one’s due Zakat payment on such an account exceeds what one has the means to pay from […]
Scholars differ in their opinions on this topic:Some scholars say, no Zakat is due if the account imposes restrictions and penalties on one’s use and withdrawal of its funds arguing […]
The scholars have differed on zakah due on 401(k) and adopted three main opinions. Some have considered the zakatable amount to be that after subtracting penalties and taxes that would […]
If the estate gets distributed before or after death and the distribution was not according to the Islamic law as Allah specified in the Quran but mainly was distributed unfairly, what should be done with such distribution?
This transaction is not Islamically legitimate and this is considered favoring one child over another, which is not permitted in Islam.Those heirs who were favored over others should give back […]
Gifts given during one’s final illness (The final illness is that in which it is thought most likely that the individual will die as a result of it ) come […]
It is not recommended and it is better not to do that. Rather, a person should keep their wealth with them, then when they die it should be distributed among […]