الثلاثاء 8 شعبان 1439
Tuesday Shabaan 8 1439
Tuesday 24 April 2018

Is there Zakaat on Property Not Fully Purchased?

Is There Zakaat on Property Not Fully Purchased?

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.

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Banking Details

Jamiatul -Ulama of Gauteng

Standard Bank
Meyerton
Branch code: 01-45-37
Swift Code: SBZAZAJJ

Madrassah Ashraful Uloom
N.P.O Registration no: 052 506

Account no: 302 217 401

Zakaat Account
302 217 959

Lillah Account
302- 217- 967

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 INDICATOR

13-04-2018

Zakaat Nisaab: R 4252.90
Mahr Fatimi: R 10630.76
Minimum Mahr: R 212.79 

Fidya Amount:

Hanafi: R20.00 
Shafi'i/ Hanbali/ Maliki: R7.00

What is meant by nisaab?

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THE HADEETH CORNER

19-04-2018

حَدَّثَنَا مُسَدَّدُ بْنُ مُسَرْهَدٍ، حَدَّثَنَا يَحْيَى، عَنْ بَهْزِ بْنِ حَكِيمٍ، قَالَ حَدَّثَنِي أَبِي، عَنْ أَبِيهِ، قَالَ سَمِعْتُ رَسُولَ اللَّهِ صلى الله عليه وسلم يَقُولُ ‏ "‏ وَيْلٌ لِلَّذِي يُحَدِّثُ فَيَكْذِبُ لِيُضْحِكَ بِهِ الْقَوْمَ وَيْلٌ لَهُ وَيْلٌ لَهُ ‏"‏ ‏.‏

Narrated Mu'awiyah ibn Jaydah al-Qushayri Radiallahu Anhu:

The Rasulullah Sallallahu Alayhi Wasallam said: Woe to him who tells things, speaking falsely, to make people laugh thereby. Woe to him! Woe to him!

Abu Dawood

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