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f:809 - Zakaat on money invested in a Shariah-compliant bonds	Country : Dubai, Name : submittername

Question: In September 2010, I had put money in a shariah compliant bonds, which I will get in this year's September. Do I have to give Zakaat on that as well? ............................................................................
Answer: If somebody has 60 gm 755 mg gold or 425 gm 285 mg silver or its equivalent wealth/cash, apart from any debt, if any, and a year passes on it, then giving its Zakaat is necessary. If you add all your gold, silver and other wealth to the amount you have kept in the bank and that meets the criteria of Zakaat or if the amount in the bank itself meets the criteria, then as 1 year passes on it, Zakaat becomes obligatory (Fardh) on it. Please note that to calculate the Zakaat, the amount at the end of the year will be considered, i.e. any increase in the middle of the year will also be considered. And Allah knows best. Mufti Hafidh Syed Ziauddin Naqshbandi Qadri [Professor, Islamic Law, Jamia Nizamia, Founder/Director Abul Hasanaat Islamic Research Center]