Zakaat on property
Question
If we have bought land at a cost of 10lakhs & we kept that land for a period of 6 years & then we sold at 26.5 lakhs. Do we have to give zakaat on that 6 years? Do we have to give zakat on the profit we got from it? How much do we have to give 2.5%, less or more?
If I have a property and no income is coming from that property then do I have to give zakaat on cost of that property?
I have a house in which i am not living, but i rented that house. Do I have to give zakaat on the rent I am getting from that house?
We have to give zakaat on gold no doubt. On what rate do we have to give zakaat? On the present rate or on the rate at which we bought it?
Answer
Zakaat will not be waajib on the land.
Zakaat is not waajib on the profits acquired upon selling the land for the past six years.
No.
Yes.
On the present gold rate.
References (Arabic / Urdu sources)
(أو نية التجارة ) في العروض إما صريحا ولا بد من مقارنتها لعقد التجارة كما سيجيء أو دلالة بأن يشتري عينا بعرض التجارة (الدر المختار 2/267)
(فتاوى محمودية 14/130)
( ولا في ثياب البدن ) المحتاج إليها لدفع الحر والبرد ابن ملك ( وأثاث المنزل ودور السكنى ونحوها ) وكذا الكتب وإن لم تكن لأهلها إذا لم تنو للتجارة. (الدر المختار 2/265)
نصاب الذهب عشرون مثقالا والفضة مئتا درهم ، كل عشرة دراهم وزن سبعة مثاقيل ... إلخ (شامي 2/295)
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
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