Q: I have a house where I am living. 2 houses I give on rent. 2 shops given on rent. 2 empty plots for sale. 1 car Bank balance. Running a multi store. My question is that which of these properties should I give zakaat and how much? Bank is also cutting zakaat every year from account.
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?
Q: I bought a plot in 2013 Oct for an amount of 9300000 for the purpose of selling/investment. Today I have sold it for 17500000. Please guide:
1. How much zakat do I have to pay?
2. Will zakat be paid only 1 time on selling or I have to pay for the last two years also?
Q: My father recently passed away. The question relates to matters of inheritance
a. A number of assets were ‘given” to his daughters (no sons) in his lifetime, which he told many people that ownership was for the daughters alone. He (the father) paid the zakaat and managed the assets, related income and expenditure till his death. The question is whether the shariah ownership it’s with the daughters or the estate.
b. An income generations asset was put into a trust. The daughters were again given ownership, however all in the name of heir children. In this case the net funds received were kept separately. When a payout was made it was paid on to the daughters. The question is whether the shariah ownership it’s with the daughters or the estate.
Q: Which amount zakaat should be paid on, rent received or value of rental investment property?
Q: If I have paid in full for a property, but it is still with the attorneys and hasn't yet been transferred onto my name as yet, is zakaat due on this money?