Question
I have bought a property. Payment will be on the day of transfer. The money is in my possession. Is Zakaat payable on this amount?
Answer
You have to pay Zakaat on the money which is still in your possession.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 26 No 06
- PDF page
- 4
Appears under HARAAM HAIRCUTS (approximate).