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    Zakat

    @christianresurrection Hmm... Try searching The Practical Islamic Finance Podcast by Rakaan Kayali, he has a couple of episodes on Zakah. This link is for episode 14.
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    Zakat

    @hoang25mai https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xODMzMTg0LnJzcw/episode/QnV6enNwcm91dC0xMDUxMDIwNw?ep=14
  3. I

    Are Islamic banks compliant with Islamic law behind the scenes?

    @infomommax Basically no. But at least your money won't be invested in, say, alcohol. Even ribawi high street banks like HSBC and Lloyds used to offer islamic current accounts a few years back, so how your money is invested for their own profit is the only difference I can see from my...
  4. I

    Zakat

    @sbmor777 This is one opinion amongst several.
  5. I

    Zakat

    @jeffp See comment below
  6. I

    Zakat

    @loxjox Yes it's one of the options, not the only option.
  7. I

    Zakat

    @rostislav I am yet to hear a single scholar who says you must give zakah on money that hasn't spent a year in your pocket. If you're comfortable overpaying because it's what you are taught to do and it's easier that's fine but it is not even the base method. This is how you phrase the...
  8. I

    Zakat

    @rostislav Again, this is one method. I mention this very clearly because it seems like some brothers don't realise it is only one method. Not the only one method. And its intention by scholars was to make life easy, so you don't need to keep track of a rolling 12 months. Another method, which...
  9. I

    Zakat

    @loxjox Here is the briefest summary I've found on the matter my laughing brother. It mentions three methods: The original, a rolling hawl for each month The Hanafi, taking the final spot value after a hawl Another, taking the initial spot value before a hawl I'll find you someone to explain...
  10. I

    Zakat

    @loxjox Laugh little and cry a lot, if you are GodFearing you would never be laughing about these matters. Obligating anything that is not an obligation is the same as permitting was is forbidden. This is a basic principle of islamic jurisprudence. Instead of laughing have some humility and...
  11. I

    Zakat

    @loxjox Zakat is not charity, it is an obligation, this is something that we ought to pay exactly. Therefore it is important we refer to what the Qur'an and Sunnah say on the matter, as explained by our scholars. Instructing people to pay what they do not owe is not the only opinion, I will...
  12. I

    Zakat

    @princesst1 Who do you want then a Maliki? What is your criteria for a scholar, every scholar will tell you the same. I am not aware of difference in opinion on this matter.
  13. I

    Zakat

    @princesst1 Every scholar agrees that zakah is only due if money has spent 12 lunar months in your pocket. To pay it on a spot sum is just a way of anticipating the full lunar year in advance which is a presumption made just for convenience. As far as I know there is not even a difference of...
  14. I

    Zakat

    @sbmor777 I've posted another more detailed comment. Basically the money hasn't spent a year in your pocket yet, it's the spot value method that has some explaining to do. Here is zakir naik explaining but any detailed discussion with any scholar should give you the same. They are just two...
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    Tech Heavy Sharia Stocks - Some Reassurance insha'Allah

    @coelohim I have only seen HSBC amanah global - where can I invest my pension into other compliant funds?
  16. I

    Zakat

    @jeffp The two opinions I'm aware of are: Pay on end amount. Pay on minimum amount reached throughout the year. Read the evidence for each and decide which is the more valid one. Add some sadaqah on top of course but the zakah is a set amount to pay.
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    Tech Heavy Sharia Stocks - Some Reassurance insha'Allah

    @coelohim Correct me if I'm wrong but is there even more than one compliant fund? There's only one for my pension
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