Qurbaani When One Has Unsettled Debts

[MUSLIM WOMAN]

 

 

 

Qurbaani when one has unsettled debts

Q: What is the ruling of making Qurbaani if one has many debts yet has jewellery?

 

A: If after deducting liabilities and debts, one posses the nisaab amount of zakaat, Qurbaani will be waajib.

And Allah Ta'ala (الله تعالى) knows best.

وشرائطها الإسلام والإقامة واليسار الذي يتعلق به وجوب صدقة الفطر

قال الشامي في رد المحتار: قوله ( وشرائطها ) أي شرائط وجوبها ولم يذكر الحرية صريحا لعلمها من قوله واليسار ولا العقل والبلوغ لما فيهما من الخلاف كما يأتي والمعتبر وجود هذه الشرائط آخر الوقت وإن لم تكن في أوله كما سيأتي (رد المحتار ج6 ص312)

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

[anisafatima]

Salam thanks for posting an interesting and informative post about a Hadith. But my question is that how can we calculate Nisab means what are the parameters on which we can calculate Nisab of particular person specially living in United States. Thanks JazakAllah Khair.

[ummtaalib]

wa'alaykumus salaam ww

inshaAllah this Q/A will be of help:

 

Q. When does zakat become obligatory upon a person and how would zakat be calculated?

 

Answer

Nisab means the minimum amount of wealth upon which Zakah is payable. It represents the guaranteed minimum financial floor above which an individual is deemed to be ‘Sahibe-Nisab’ (owner of wealth) and therefore liable to Zakah.

 

The Nisab limit was set by the Prophet (SAW) at 20 mithqal of gold or 200 dirhams of silver (7.5 tolas of gold and 52.5 tolas of silver). These measures are equivalent to 87.48 grams of gold and 612.36 grams of silver respectively. If a person only has gold as an asset, then the Nisab measure for gold must be used. If however the person has a mixture of assets, then the Nisab level for silver should be used.

 

To ascertain the current monetary equivalent of the Nisab limit, it is necessary to establish the market rate for a gram of gold and silver.

This can be obtained from www.goldprice.org The current market rate (June 16th 2012) for a gram of gold is £33.26 and £0.59 for a gram of silver.

 

Therefore the Nisab threshold for gold is approximately £2909.58 and for silver it is £361.29 (16/06/2012)

 

A person will only pay Zakah when his Zakatable assets – after adding and subtracting debts owed either to or from others – is equal to, or in excess of £361.29

Source

[ummtaalib]

I found this paragraph quite simple to understand:

 

It should be known that anyone who possesses a zakatable-minimum (nisab) the obligation to pay Zakat will commence. As soon as one possesses this amount, one’s Zakat year will start, and he will be obligated to actually pay Zakat once a whole year has passed if he still possesses an amount equal or more than the zakatable-minimum. The zakatable-minimum is equivalent to the value of 87 grams of gold.