Prayers & Duties >> Zakat & Charity

Question # : 162033

Pakistan

I have made an agreement with a real state company and bought a plot on installments. Initially I have given 250,000 rupees down payment. The total price is 10,00000 rupees. I shall pay the remaining amount in 5 years in installment. I am buying this plot for purpose of sale. At moment I do not posses the plot. I will get possession after all payment. I am sahib-e-Nisab already. My question is when I have to calculate zakah on this plot at end of first year, will I have to pay on total (10,00000 rupees) or on only amount which i have paid.

Answer : 162033

Published on: Aug 29, 2018

بسم الله الرحمن الرحيم



(Fatwa: 1282/1265/L=11/1439)



 



There is no zakah on the plot which you have bought with the intention of business; since you have not taken it into your possession and in purchased property zakah is not wajib before taking it into possession; hence no zakah will be wajib on you on the values of that plot. Likewise, no zakah will be wajib on the money paid to the seller.



 



فلا زكاة على مكاتب لعدم الملك التام ولا فى كسب مأذون ولا فى مرهون بعد قبضه ولا فيما اشتراه لتجارة قبل قبضه (رد المحتار: ج: 3 ص: 180، ط: زكريا)



فلا زكوة عليه إذا عاد أليه كما سيأتى لأنه وإن كان مملوكا له رقبة لكن لا بد له عليه كما أفاده فى البحر وخرج به أيضا كما فى البحر المشترى للتجارة قبل القبض والآبق المعد للتجارة (رد المحتار: ج: 3، ص: 175، ط: زكريا ديوبند)




Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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