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Is Zakat payable on the money which i intend using for the land?

Answered as per Hanafi Fiqh by Askimam.org








 
 
 
Question:

ASSLAMO ALAIKUM

AS I CALCULATE MY ZAKAT IN  RAMADHAN EVERY YEAR AND DISTRIBUTE AS SOON AS I CAN OR SAVE IT TO DISTRIBUTE MYSELF IF I HAVE PLANS TO VISIT A POOR COUNTRY.

I AM BUYING SOME LAND TO BUILD A HOUSE FOR MY FAMILY AND MYSELF I HAVE PAID A DEPOSIT ON THE LAND WE ARE WAITING FOR CONTRACTS TO BE PREPARED BY SOLICITOR TO COMPLETE THE PURCHASE. WHICH I AM TOLD THE CONTRACT WILL BE READY NEXT WEEK. IS ZAKAT IS PAYEBLE ON THE MONEY WHICH I WILL USE TO PAY FOR THE LAND.

I PAID THE DEPOSIT 3 MONTHS AGO TO SECURE THE PURCHASE OF THE LAND. I AM LIVING IN A RENTED PROPERTY JUST NOW.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

The amount payable for the land will not be regarded as a liability and cannot be deducted from the Zakaat payable.

And Allah Ta’āla Knows Best

Mufti Ebrahim Desai.

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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