Question
Property was bought for investment. Should Zakaat be paid on this property?
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.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 27 No 06
- PDF page
- 2
Appears under INTERFAITH KUFR AND IRTIDAAD (approximate).