Payment of Zakaat on Amount of a plot which is purchased in installments

Answered according to Hanafi Fiqh by
I have purchased a plot in housing society for which I have paid full amount. The housing society has delivered only a letter of allotment but I have not given the possession (Qabza). Please tell me whether I have to pay the zakah on its value?

بسم الله الرحمن الرحيم

(Fatwa: 1382/1382/M=11/1434)

If the purchasing of the said plot was complete as per the Shariah and it was purchased with the intention of selling then zakah shall be wajib on its complete value as per the conditions which make zakah wajib. And if it was not bought with the intention of selling then zakah shall not be wajib on it.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

Find more answers indexed from:
Read more answers with similar topics:
Ad by Muslim Ad Network

More Answers…

Related QA

Pin It on Pinterest