IslamQA

Zakaat on money given as deposit

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Is zakaat also to be payed on the money given as heavy deposit for the house?

Bismillaah

A: If you are confident that you are going to buy the house then the deposit amount will not be zakaatable as it is part of the price.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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