Fatwa: # 17125
Category: Financial Transactions
Country: South Africa
Date: 12th September 2008


If I bought a flat as an investment with the hope that I could sell it some time in the future


If I bought a flat as an investment with the hope that I could sell it some time in the future and use it to fund my children’s university studies or even their marriage do I have to include the value of the flat in my zakah calculaton? If so do I include the cost I bought it for or the current market value? If you could assist I would appreciate


In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatoh

Zakāt will only be obligatory upon the flat if the purpose of your purchase was to re-sell the flat.

Zakāt will be obligatory upon the current value of the flat.

And Allah knows best


Ml. Ehzaz Ajmeri,
Student Darul Iftaa

Concurred by:

Ml. Yusuf bin Yaqub,
Student Darul Iftaa

Darul Iftaa

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