properties

Zakaat on the sale of a property

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?

Father gifting property to his daughters in his lifetime

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.