Joe Bradford

Who has to pay Zakat?
Zakat is due on the wealth of any Muslim, young or old, male or female, that is held in savings for one calendar year and is more than the Nisab.
Example: If both you and your children have separate savings of 1000 dollars or more for one year, you must pay the Zakat on both accounts, not just yours. $25 for your savings, and $25 for your childs.

What is weight of the average silk tie? About 140-150 grams (at the most for maybe a high end tie)?
According to Ibn Hajar in al-Fath and al-Nawawi in al-Majmu’ one has to look at the weight, not the area covered, because silk can be spun and weaved to different sizes and thicknesses. So a patch of silk on the clothes is allowed, because it is not an article of clothing (“thawb”) but an accessory.
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You may not have a 401k plan or an IRA, but instead a more traditional pension. If this is the case, you are not alone, and like many other people are asking yourself: