As Salam u Alaikum Wa Rehmatullahi Wa Barakatuhu We had intended to purchase a flat about 10 years back and for the same we had given an amount of Rs.160000 (Rupees One Lac Sixty Thousand only) to the builder. Unfortunately, the building never got complete and the builder was not able to return us the money either. Now after 10 years or so, we were able to settle the matter through a shop which the builder gave to us in return of the money. We sold this shop and got back Rs.150000 (Rupees One Lac Fifty Thousand Only). My question is are we obliged to pay Zakat on this amount for the 10 years. If yes, please oblige by giving us the way of calculating the same. Jazakallahu Khair Wassalaamu Alaikum
Answer:
(Fatwa: 650/654=N)
Yes, you have to pay zakah of past ten years and that will be 2.5% of the amount for every year.
واللازم فی مضروب کل منھما و معمولہ ۔۔۔ من ذھب أو ورق ۔۔۔ ربع عشر ۔۔۔ وفی کل خمس بضم الخاء بحسابہ ففی کل اربعین درھما درھم و فی اربعۃ مثاقیل قیراطان (الدر المختار: 3/229)
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband