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Q&A – The Hukm regarding paying Zakah on Crops, Fruits, Livestock & Trading Goods

Question:-  What is the Hukm regarding paying Zakah on crops, fruits, livestock and trading goods. Is Zakah applicable on these items? And where can i find more details about this subject and is this from the adopted matters? Answer:-  Firstly, Zakah is applicable on the mentioned matters and this subject is from the adopted matters. This subject is discussed in detail in the Adopted Book –  AlAmwal fee Dawlatil Khilafah – Funds in the Khilafah state , by Shekh Abdul Qadeem Zalloum, the following is the Quote from the book on page 124: Zakat is obliged upon the man, woman, child and insane person due to the general form of the sound Ahadith that oblige Zakat without restriction. Amru bin Shu’aib narrated from his father from his grandfather he said: “The Prophet preached to the people and said: ‘Verily, whoever has charge over an orphan with wealth then let him invest it. He should not leave it to be eaten by Sadaqah.’” From Anas (in a Marfu’ narration): “Trade in the o

The reality of cryptocurrencies such as Bitcoin and the shari’ah rule regarding them

The following is the translation of an Ijtihad by Ustadh Abu Khaled al-Hejazi, please refer to the Arabic original for exact meanings. Today, Bitcoin and other cryptocurrencies are proposed as alternate currency models compared to the traditional currencies such as the Dollar, Riyal and euro, albeit there are some fundamental differences between the two and the most important being that cryptocurrencies are a digital currency that exist only on the Internet without having a physical or tangible existence to it. In addition to this there is no centralized organization that issues the currency and there is no real world asset that backs these currencies. The users of these currencies can purchase the currencies through Cryptocurrency exchange websites on the internet and they can also convert these currencies back into traditional currencies. Who issues cryptocurrencies? Contrary to traditional currencies which are generally backed by assets such as gold or by other stronger

New book: The Muslim's Handbook to Understanding Islamic Economics & Financial Transactions

The Muslim's handbook to understanding Islamic Economics & Financial Transactions  - Compilation of Q&A answered by Sheikh Ata bin Khaleel abu Rashta Istinarah Press Paperback, 430 pages This book has been compiled as a result of a need to have a handy guide to understand various issues related to Economics & Financial Transactions from the Shari’ perspective. Running over 430 pages, the subjects covered in the book include the  Ahkam  related to Zakah, Trade & Commerce,  Riba , Insurance, Employment, Hiring,  Muamalat , Loans & Debts, Land, Agriculture, Public & Private Property , currency, economic crisis and funds in the Khilafah.  And as time progresses and with the ever increasing call among the Muslims to reunite under a Khilafah where Islamic is implemented In a comprehensive manner, there is an increasing need for books to be written on crucial subjects so as to be to able to build within the Ummah, the right awareness and depth. Having