Question
Property was bought for investment. Should Zakaat be paid on this property? The woman is still his wife. The two children are regarded as his legitimate children. The children will inherit in his estate. The woman too will inherit in his estate as long as he does not issue Talaaq. It is therefore in his own interests to issue Talaaq.
Answer
Zakaat on property is paid only if the property is purchased with the intention of reselling it. If the purpose is for gaining rental income, then there is no Zakaat on such property.
Download issue PDF EPUB
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 27 No 06
- PDF page
- 2
Verbatim verified against the source PDF
Appears under INTERFAITH KUFR AND IRTIDAAD. This heading is the nearest headline at or before the page and is approximate. Do not cite it alone.