When Does Qurbani Become Waajib

Question:

I just want to find out regarding qurbaani in the following instance.

A person has about R4000.

They also have a 1/6 shareholding in a property company. The property is valued around R3 million. The company does not have cash reserves and has debts of R2 million.

1. Is qurbaani waajib on such a person?

2. Will the answer above be different if the person only has R1000 cash (instead of R4000).

This answer was collected from the official Ifta website of Darul Uloom Azaadville, South Africa. Most of the answers are checked and approved by Mufti Muhammed Saeed Motara Saheb D.B.

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