Why Zakat ?

It was narrated that Ibn ‘Umar (may Allah be pleased with him) said: The
Messenger of Allah (peace and blessings of Allah be upon him) said:
“Islam is built on five (pillars): bearing witness that there is no god except
Allah and that Muhammad is the Messenger of Allah, establishing prayer,
paying Zakat, Hajj and fasting Ramadan.” Narrated by al-Bukhari, 8;
Muslim, 16.
Why Zakat ?
Zakat of Prophet Ismael (PBUH)
Zakat of Bani Isreal
Zakat to the Progeny of Prophet Is-haq
Zakat of Prophet Isaa (PBUH)
The Warning of Allah for Abandoning Zakat
On the Day of Qiyamah
 Personal superannuation

- Personal superannuation (often simply known as 'super') is money that's put aside and saved while you're
working, so you can enjoy a regular income later in life when you retire.
- Your employer is required to pay a minimum of 9.5% of your ordinary time earning in to super.

- Generally you will not be able to access this money until you retire. Your employer will make
contributions to your super fund and you can top it up with your own money. The government may also
make contributions if you are a low income earner.
- You can only withdraw your supper money in certain circumstance, when you retire or reach the age
of 65.

What about Voluntary Contribution ?

 What about Voluntary Contribution

As well as the contributions your employer pays, you can add to your super by making your own contributions.
You may be able to ‘salary sacrifice’ to super from your before-tax income, or contribute to super
from your after-tax income.

If you choose to salary sacrifice contributions, your employer may make super guarantee
contributions based on your new reduced salary.
 Zakat on Jewelry

The Scholars have different opinnon on jewellery.

- Maliki, Shafie and Hanbali are of the view that it is not obligatory to pay Zakat on it.

- Only the Hanafi are of opinnion the Zakat should be given on personal Jewellry,
Their proof : Hadith of Aisha

“ The wife of the prophet (PBUH) said, The prophet (PBUH) entered upon me and I was wearing rings of
silver on my hand. He said: “ What is this, O Aisha? “
I said: “ I made them to adorn myself for you, O messenger of Allah. “ He said: “ have you given Zakat on
them?” I sad: “ NO” He said: The punishment for them in hell is enough for you.”

Abu Dawood, 155 Classed Authentic by Albani

Giving Zakat to family members
Giving Zakat to family members
 Zakat on Business stock

- Own business that sell goods.

- A long term investment, if plan to hold for over year then if they are more than threshold – collect
dividend
- Buy Shares to sell when prices goes up.
- Share in a company.
 Zakat of investment property

- Mortgage payments?

- Offset account?

- Property on the market for over a year?

- Investment company?