Question Summary:
Property of my late dad was sold. It’s being repaid monthly interest free over five years. For zakah should we include the full balance remaining at zakah year end?

Question Detail:

Property of my late dad was sold. It’s being repaid monthly interest free over five years. For zakah should we include the full balance remaining at zakah year end?

Answer :

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatuh
 
We understand from your question that the property was sold before distribution of the estate. Based on this understanding, zakah will not be wajib until the inheritors collect their shares. After collecting their share it will be joint with other zakatable wealth and paid at zakah year end.
 
بدائع الصنائع - (2 / 90) دار الكتاب
 وأما الدين الضعيف فهو الذي وجب له بدلا عن شيء سواء وجب له بغير صنعه كالميراث أو بصنعه كالوصية ( ( ( كما ) ) ) أو وجب بدلا عما ليس بمال كالمهر وبدل الخلع والصلح عن القصاص وبدل الكتابة ولا زكاة فيه ما لم يقبض كله ويحول عليه الحول بعد القبض
 
بدائع الصنائع - (2 / 91) دار الكتاب
وذكر الكرخي أن هذا إذا لم يكن له مال سوى الدين فأما إذا كان له مال سوى الدين فما قبض منه فهو بمنزلة المستفاد فيضم إلى ما عنده والله أعلم
 
And Allah knows best
Wassalamu Alaikum
Ml. Ishaq E. Moosa,
Student Darul Iftaa
Checked and Approved by:
Mufti Ebrahim Desai
Darul Iftaa, Madrassah In'aamiyyah

________________________________________________________________________
Visit us at:
http://www.al-inaam.com                                                  [ Madrassah In’aamiyyah ]
http://www.askimam.org                                                    [ Darul Ifta - Madrassah In`aamiyyah ]
http://groups.google.com/group/shariahcompliant     [Shariah Compliant Business Campaign]
 
Important Posts and Links
 
Shar'ii stance on Shares and Stocks|Have you prepared your WILL??|Moonsighting - Its that time to sight the moon