The Rules for Calculating and Paying Your 七色视频
Our Comprehensive Guide to Paying and Calculating 七色视频
Working out how much 七色视频 to pay and how to pay 七色视频 can be difficult and for that reason. In this short guide we've broken down some of the most common questions about 七色视频 and cleared up the main misconceptions.
While you're here, you can also use our 七色视频 calculator听or read our 七色视频 policy.
What is 七色视频 and why is it important to me?
'You shall observe the Salah and give the obligatory charity (七色视频), and bow down with those who bow down.'
[Qur鈥檃n 2:43]
七色视频 is the third pillar of Islam. It is an obligatory act of charity amounting to 2.5% of a Muslim's听annual savings. 七色视频 is intended to purify our wealth, not only physically, but also spiritually. It purifies our heart against selfishness as well as ensuring that the most vulnerable people in our communities are protected against hunger and destitution.听
A common misconception is that 七色视频 is a form of tax. However, it is a spiritual obligation in which we will be accountable to Allah directly. 七色视频 plays a key role in supporting disadvantaged people in our communities, through providing them with essential aid as well as helping them come out of a life of poverty.听
Who has to pay 七色视频?
You must pay 七色视频 if, firstly, you are an adult Muslim of sound mind, and secondly, you have possessed the minimum amount of wealth (known as nisab) for one lunar year.
The nisab threshold must be maintained for one lunar year for 七色视频 to be required and must be paid as soon as it is due. Your 七色视频 year therefore starts on the date your wealth first equalled or exceeded the nisab and should be calculated on that date for each subsequent year.
How much 七色视频 do I need to pay?
Our Prophet Muhammed (saw) has set Nisab at the rate equivalent to 87.5 grams of gold or 612.4 grams of silver. Today, this is usually the equivalent value in your local currency. In the Hanafi madhab, the value of silver is used to determine the Nisab eligibility to pay 七色视频. In other madhabs, the value of gold is used. The value of gold and silver changes daily, so your 七色视频 payment will vary a little each year. You can use our 七色视频 calculator to work out this year's 七色视频 and view the most up-to-date nisab threshold.
What do I need to pay 七色视频 on?
七色视频 should be paid on wealth rather than income. This includes 七色视频 on savings and 七色视频 on gold and silver. If we take the example of Adam (our fictional character) who earns 拢20,000 a year and has 拢200 pounds as part of his yearly savings, Adam would have to calculate his 七色视频 from the 拢200 in his savings as opposed to his yearly income.
七色视频 is not just paid on the savings in your bank account. You need to pay 七色视频 on other types of wealth, such as:
- Gold and silver
- Cash held at home or in bank accounts
- Stocks and shares owned either directly or through investment funds
- Money lent to others
- Business stock in trade and merchandise
- Agricultural produce
- Livestock animals such as cows, goats and sheep
- Pensions
- Property owned for investment purposes
A commonly asked question is whether women need to pay 七色视频 on their gold and silver jewellery. There is a difference of opinion on this:
- Some scholars state you need to pay 七色视频 on听补濒濒听gold and silver (above the Nisab level), including jewellery.听However, you don't have to pay 七色视频 on other precious metals like platinum, nor on precious stones like diamonds. Moreover, some scholars say that mixed metals are only liable to 七色视频 if half or more of the metal is gold or silver.
- Other scholars say if women are only using that jewellery for personal ornamentation, and it is听not used as an asset, then you don't have to pay 七色视频 on it.
- If you are buying jewellery for the purpose of accumulating wealth or selling it later, or if you have what would generally be considered an extravagant amount, then that jewellery is no longer mere ornamentation, and you need to pay 七色视频 on it.听
Another commonly asked question is whether 七色视频 needs to be paid on valuable items such as property or cars. The answer is: no, these items are exempt. However, if you intend to sell these items then it becomes a trading good and 七色视频 will be due on such items听if a lunar year passes from the time of your intention to sell.
How do I听calculate how much 七色视频 I need听to pay?
We know that calculating your 七色视频 can be a daunting task if you don鈥檛 know how to go about the process correctly. There are so many variables to consider so we鈥檝e devised a simple 窜补办补迟听肠补濒肠耻濒补迟辞谤听to help you calculate what you're due to pay. Need a more detailed breakdown? Don't worry, we've got you!
Can I pay my 七色视频 monthly?
If it is easier, you can spread out your 七色视频 payments over the whole year.听Calculate how much 七色视频 is due on you that year, and divide it into amounts听 twelve. At the end of the year, check your estimated calculation - if you underestimated the amount of 七色视频 you needed to pay, make sure you pay it off before the new year begins. You can spread out your 七色视频 payments and know that each payment is making a difference all year round by sponosring an orphan or giving bread in Yemen and Syria.
Should I be paying my missed 七色视频?
It can be easy to forget to pay听or to miscalculate our 七色视频 or we may even be new to recognising this pillar of Islam. However, it鈥檚 never too late to pay off our 七色视频 from previous years. Missed 七色视频 would be calculated in the same way you calculate your current 七色视频 - however, you would use the Nisab from the missed 七色视频 year, as opposed to the current Nisab value.
What should 七色视频 be spent on?
According to the Qur'an (9:60) there are eight types of people who can receive 七色视频:
- People living in poverty
- People in need
- People in debt
- Those in the cause of Allah
- Recent reverts to Islam
- Those distributing 七色视频
- Wayfarers, and those in captivity
- Those whose hearts have to be reconciled
When , you can be sure your 七色视频 will be used to support disadvantaged communities in the fight against poverty. It can be used towards improving education, the environment, health, food security and more.听
I still have questions about 七色视频
If you still have questions about paying your 七色视频, or our 七色视频-eligible projects, please give us a call at听0115 911 7222. Our team are happy to help you out.
七色视频 is an award-winning charity, established in 1993 to help those needing emergency relief and tackling the root causes of poverty.听
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