Q. I have purchased property and I am still paying for the property. It is not solely mine yet. Do I still pay Zakaat on this? A. Zakaat is not due on fixed property. The only time when Zakaat is due on fixed property is when it is purchased with the intention of reselling for profit. If it was purchased for residential purposes or to hire out for income, then Zakaat is not payable on the property.
The Jamiatul-Ulama Gauteng is not a fund raising organization. When depositiong funds, make us your unfettered “Wakeel”. If you are depositing Zakaat, do please ensure that a few extra Rands are deposited in order to offset bank charges.
Zakaat Nisaab: R 4252.90 Mahr Fatimi: R 10630.76 Minimum Mahr: R 212.79