Question Summary: I have purchased a flat for R400 000 – I have thus far only paid R20 000. I have in my possession R150 000 ..What do I pay my Zakat on? Question Detail:
I have purchased a flat for R400 000 – I have thus far only paid R20 000. I have in my possession R150 000 – I am not sure if I am going to use this amount towards the payment of the flat or invest it elsewhere. I have taken a loan and the installments will only come into effect once the flat is ready – that could be in another years time. Do I pay zakkat on the R150000?
Answer :
In the name of Allah, Most Gracious, Most Merciful Assalaamu `alaykum waRahmatullahi Wabarakatoh Zakaat is payable on the R150000. And Allah knows best Wassalam Mufti Imran Hatia Checked and Approved by: Mufti Ebrahim Desai
Darul Iftaa, Madrassah In'aamiyyah
|
Main Categories More Questions
|