|The Fatwas delivered by the Islamic
Researches Academy in Cairo|
Regarding Zakah, the Second
Conference of the Islamic Researches Academy
decided the following:
|First: Taxes levied by the state do not
replace the payment of Zakah.|
Second: As for metal
coins, banknote, cash money and commercial
goods, they are evaluated according to their
value in gold. If any of them reaches the
allotted Nisab (20 Mithqals of gold), Zakah is
due in such case. Gold is to be evaluated by
Third: As for invested
money about which no Qur'anic verse or a
Prophet's Hadith was mentioned, Zakah is to be
calculated as follows:
No Zakah is due on
buildings, factories, ships, airplanes ...
etc. but it is due on their net profits if
they reach the allotted Nisab and a year
lapses while they are in one's possession.
If they have not reached
the allotted Nisab and their holder has
other money, Zakah is due on the grand total
of both if it reaches the allotted Nisab and
a year lapses with such money in his
- The rate to be given as Zakah is 2.5% of
the net profits.
In companies founded by a
number of partners, such rules do not apply
to the grand total of the Company's profits
but each partner should pay Zakah due on his
Fourth: Zakah is due
on mature people as well as those under age. In
the latter case, their guardians will give Zakah
on behalf of them.
Fifth: Zakah is a
basis for achieving social solidarity in the
Islamic countries. Such fact should be utilized
when displaying the facts and fundamentals of
this true religion: Islam. Zakah money should be
used in liberating any Islamic occupied
Sixth: The method of
levying and distributing Zakah is followed
according to the conditions of each country.
|Seventh: Regarding charity, the
Conference would like to point out the following
Islam calls its followers
to spend money in the cause of Allah and
prohibits them to be miserly or
Islam warns its followers
from asking for charity or accepting it
except in cases of necessity.
Islam calls for treating
non-Muslims fairly, helping them in case of
need and taking care of every individual in
the Muslim community.