Zakaat on the sale of a property

Submitted by admin on Mon, 2016-10-24 08:13

Q: I sold a plot of land in March 2016 and paid Zakat @2.5% of the total sale. From the sale proceeds I purchased another property in August 2016. As per the sale agreement, a down payment was made and the balance amount would be paid in July 2017. My question is that do I have to pay zakaat on this amount also?

A: No.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Zakaat›Calculating zakaat

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