| 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 housi |
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Q: 7 – Title: 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. Question Assalam Muhtaram . 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.
Jazakallaho khair . 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
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