Darul Iftaa Mahmudiyyah

Do i pay Zakaat on the land which i purchased on installments?

· 13 Rabiʻ II 1428 AH1 min readFatwa 15131English

Question

I have purchased a land as an investment but I am paying only 10 % of the amount now and remaining will be thru installments for ten years ,so do I need to pay zakat on this 10 % of amount.Pls note that this land is not an agriculture land , but for housing purposes and I have already a house for my living.

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatoh

You do not have to pay zakat on the land or the soil amount.

And Allah knows best

Wassalam

Mufti Ebrahim Desai
Darul Iftaa

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/15131
Fatawa SA: https://fatawa.co.za/fatwa/askimam-15131

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