Zakaat on a Share of a Hospital which is still under Construction

Q: I have a share in a certain Hospital. One year has already elapsed and the construction is still carrying on. I have absolutely no idea when it will start operating. Do I have to discharge the Zakaat of this share? 

A: Zakaah is not compulsory at present. However, once the hospital is running and you receive profits on your share you will have to pay zakaah on the profits.

( ولا في ثياب البدن ) المحتاج إليها لدفع الحر والبرد ابن ملك ( وأثاث المنزل ودور السكنى ونحوها ) وكذا الكتب وإن لم تكن لأهلها إذا لم تنو للتجارة (شامي 2/265)

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)