- A practical course that teaches you to pay your zakat properly.
- Learn how to deal with different commonly met-with modern financial scenarios while paying zakat.
- Study practical examples of real-life situations.
- Learn only the most applicable, essential fiqh-rulings related to zakat.
- Put your zakat payments on a firm-footing.
- A minimal time-commitment course designed for every adult or working Muslim.
About the Course
This course focuses on helping you ensure you pay your zakat correctly. From the basics of when zakat becomes due, to the types of wealth subject to zakat, questions of pre-payment and deferment, the relationship between taxes and zakat, to zakat on haram earnings or wealth - the focus is an entirely practical application of the fiqh of zakat to the modern financial context. Students shall learn the essential rulings most relevant to the possible financial questions you may face while paying your zakat. The course shall use a number of real-life scenarios to ensure students have firmly grasped the principles behind paying zakat correctly in different financial situations.
- The Wisdom of Zakat
- What is Nisab?
- Payment Value
- Zakat and Taxes
- Pre-Payment and Delayed Payment on Zakat
- Transporting Zakat
- Zakat on Haram Earnings
Who should pay Zakat Conditions of Zakat Properties that are subject to Zakat:
- Zakatable Assets
- Zakat of Gold and Silver, and Other Money
- Zakat on Merchandise
- Zakat on Earning of Professional Labourers
- Zakat on Stocks
- Zakat on Debts - Receivable and payable
To whom should Zakat be given:
- Categories To Whom Zakat must not be paid
The Zakat of Eid al-Fitr:
- Conditions for being due
- On Whom it is Obligated
- Amount and Kin
- Time of Payment
- Deserving Recipients
This course shall consist of four live classes over the course of Ramadan, meeting once a week. The live classes will be lead by Dr. Ashraf Muneeb, and shall be supplemented with course-slides and discussion of practical examples from real-life scenarios. The course shall not have any graded quizzes or exams. Dr. Ashraf will hold weekly office hours where students can consult with him one-on-one. Students are highly encouraged to post their questions in the discussion forum over the course of the week, which are answered during the live classes.
Weekly Time Commitment
The course requires an estimated hour per week outside the live session to review the material and take notes.
There is no course text - all the material shall be presented in the live classes. Students are suggested to read the chapter on zakat of an English translation of Nur al-Idah or a similar level fiqh text to supplement the course material.
The course has no pre-requisites. Everyone is welcome!
Why is this course absolutely essential for every adult Muslim?
Zakat is an obligation that becomes due as soon as an adult's wealth reaches the nisab. It is one of the five pillars of Islam. Being a foundation-stone of the basic covenant of our religion, knowing the ins and outs of how to pay your zakat in the modern financial world is therefore an absolute necessity for every 'legally responsible' Muslim.
How shall this course practically benefit me?
The entire focus of this course is practical. Do I need to pay zakat on my share-holdings? How do I calculate zakat on trade-goods? What about the relationship between zakat and taxes? Do I pay zakat on pre-tax or post-tax wealth? Can I defer zakat payments or pay in advance? What about loans? What can I do if I come into possession of wealth that is of questionable legality, and do I pay zakat on it? Find out the answers to these questions and more, and ensure you put your zakat calculations on a firm-footing.
Why should you study Practical Zakat with Dr. Ashraf Muneeb?
Dr. Ashraf was recognized in 2010 as a certified shariah-auditor and advisor by the Accounting and Auditing Organization for Islamic Financial Instutitions (AAOIFI). This is the highest certificate given by the AAOIFI, the most notable authority in the field of Islamic finance (quoted from hedayahartford.com). He is thus uniquely qualified to teach the fiqh of zakat and its practical application to real-world scenarios.
Who is this course designed for?
This course is designed for Muslims who want to know enough fiqh to put their zakat payments on a solid-footing. It is not a juristic course with a focus on the various positions of fiqh. Rather it is a minimum time-commitment, practical course designed for every Muslim, not exclusively for students of knowledge.