Question Summary: I have purchased a land as an investment but I am paying only 10 % of the amount now and remaining will be thru installments for ten years ,so do I need to pay zakat on this 10 % of amount.Pls note that this land is not an agriculture land , but for housing purposes and I have already a house for my living. Question Detail:
Assalam Muhtaram . I have purchased a land as an investment but I am paying only 10 % of the amount now and remaining will be thru installments for ten years ,so do I need to pay zakat on this 10 % of amount.Pls note that this land is not an agriculture land , but for housing purposes and I have already a house for my living. Jazakallaho khair .
Answer :
In the name of Allah, Most Gracious, Most Merciful Assalaamu `alaykum waRahmatullahi Wabarakatoh You do not have to pay zakat on the land or the soil amount. And Allah knows best Wassalam Mufti Ebrahim Desai
Darul Iftaa, Madrassah In'aamiyyah
|
Main Categories More Questions
|