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(68991)
Monday, November 28, 2011 06:26 AM 

AoA brothers,

This is not an Islamic site but I'm sure many friends here would have come across this scenario. I have questions regarding Zakat:

1. I am paying installments for DHA Homes Islamabad 8-marla homes: is any zakat applicable on the money that I am depositing with DHA Islamabad?
2. I have a one kanal file of Phase 9 DHA Lahore, Is any zakat applicable on this?
3. I am sure any on-ground plot I possess will be eligible for zakat, but please confirm this

I will be grateful if my friends could give me a good detailed advice.

rgds

Irfan replied on Monday, November 28, 2011 07:55 AM 

Walikum Aslam brother,

While I am not expert but during Ramadan time I do some research and here is my high level understanding.

It depends upon your intention, if these plots are for investment purpose and you would like to resell than yes zakat is payable and my understanding is on market value at the time of calculation of Zakat

The DHA homes, my understanding is you will pay Zakat on the total value of home, minus your outstanding loan,

So during Zakat calculation you will minus your liabilities.

Also I request other knowledgeable brothers to correct if I am wrong and encourge you to also do direct research on proper Islamic websites.

Jazak Allah Khair. Regards, Irfan

Mr. Khan, Saudi Arabia replied on Monday, November 28, 2011 10:36 AM 

If intention is to give the plot or house to your children, will Zakat still be payable?

Info replied on Monday, November 28, 2011 11:09 AM 

Only the current value of property is attributed towards Zakat. Intentions might get changed over a period of time.

Zakat replied on Monday, November 28, 2011 11:16 AM 

Thanks Irfan,

What about the file I possess?

Irfan replied on Monday, November 28, 2011 11:58 AM 

Zakat is not payable on personal residential house even if you have more than one and meant for residentail purpose only, Also Zakat is not applicable on the value of property given on rent irrespective of how many.
However Zakat is payable on rental income itself after deducting teh maintenance and other expenses.
However if your intention of holding property is to sell at future date for a profit or as an investment, then Zakat is payable on the market value of property. Also, if your intention of holding properties changes in the current year, i.e. from self use to business then you need to pay Zakat on that property value.

The above is from a zakat calcuation that I use, link is

please email the developer of zakat calculator on ajameel at gmail.com

Irfan replied on Monday, November 28, 2011 12:00 PM 

and by the way, if in doubt on same matter my suggustion is to better pay Zakat, you have nothing to lose, Allah will protect your investment and give you benefit from unknown sources, can confirm my own experience :)

kashif Ali replied on Monday, November 28, 2011 01:55 PM 

Irfan Sb.

Is it compulsory to pay ZAKAT in RAMADAN, or we can pay any time.

I want pay some amount to couple of needy families on monthly basis, can i consider this amount in ZAKAT?

Please clear this.

many thanks.

Irfan replied on Monday, November 28, 2011 02:17 PM 

Can be paid anytime, do get zakat calculator so you know what you need to may minium.

I did some research online and found to following as to who can be paid

In Holy Qur’an, Allah said: "As-sadaqaat (here means zakat) are only for the fuqara (poor), and al-masaakin (the needy) and those employed to collect (the funds) and to attract the hearts of those who have been inclined (toward Islam), and (to free) captives, and for those in debt, and for Allah's cause (i.e. for those fighting in a holy battle) and for the wayfarer (a traveler who is cut off from everything); a duty imposed by Allah. " (Taubah; 9/60)

It is possible to explain the eight categories of people mentioned in the verse as:

The poor (Faqir/Fuqara): Those without sufficient means of livelihood to meet their basic necessities. For instance, those who, although may have a job, a house and a car, but whose income is below the minimum requirement (nisab).

The needy (Miskeen): Those without any means of livelihood and material possessions and dependent on others to meet their most basic needs such as food and shelter.

Employees of the zakat, even if they are rich, they are allowed to take from the zakat money limited to an amount to take care of themselves and their family.

Sympathizers are people whose hearts are expected to inclined to Islam or whose believe to Islam is expected to increase can be given gifts from the Zakat money.

Slaves and captives: In the days that the system of slavery existed, this meant that a person who wants to free himself from the shackles of slavery should be given Zakat so that he may release his neck from bondage by giving money to his master.

Debtor is person who is in debt and does not have financial capital or property exceeding the nisab amount. Such persons should hold priority status when giving Zakat money compared to the poor without any debts.

Those who work for Allah’s cause, either to spread the truth or to defend their country for Allah’s sake but also in need for meeting their basic needs deserve zakat.

Travelers are people who travels to another country or a foreign place for noble purposes such as pilgrimage or study and have difficulty in meeting their needs. They might have living means, but they can still receive zakat if they have trouble in accessing their means during travelling.

source http://www.ihh.org.tr/zekat-fitre/en

kashif Ali replied on Monday, November 28, 2011 03:51 PM 

Thank you very much Irfan sb.
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