Mufti Online — Madrasah Ta'leemuddeen

Zakaat on a flat which was purchased for investment purposes

· 15 Dhuʻl-Qiʻdah 1434 AH1 min readEnglish

Question

My husband bought a flat for investment purpose only. We will not be living in it. He is currently renting out the flat and with that flat money his paying his bond. Due to it being an investment, does he pay zakaat on the value of the property?

Answer

No.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/3697
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