Question
I have purchased a property. The amount is in trust at the lawyer. It will be paid to the seller when the house is transferred to me. If by the time my Zakaat is due, the house has not yet been transferred, do I have to pay Zakaat on this amount?
Answer
Yes, Zakaat has to be paid on the amount kept in trust by the lawyer. As long as transfer has not been effected, the money remains your property.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 27 No 06
- PDF page
- 2
Appears under INTERFAITH KUFR AND IRTIDAAD (approximate).