IslamQA

Zakat on Investment through others

Answered according to Hanafi Fiqh by Fatwaa.com
1. I have invested money through somebody and there is no specific information about the property (there are many investors) share and current market value. How will I calculate Zakat?
2. I have purchased a plot on installments (file only as the balloting is not yet done) with partial payment. This is for future utilization of my kids. Do I need to pay Zakah on this and how to calculate the Zakah?

Answer

And Allaah Ta’aala knows best

Wassalaam,

Ismail Moosa (Mufti)

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