Question: I
have collected some money to buy a flat? At the moment I am in the process
of surveying. In the meantime, my Zakah paying date has arrived.
My question is: Is this money liable to Zakah?
Answer: You
must be knowing that according to the established Sunnah of the
Prophet (sws) items of personal use as house, car, etc are exempt from
Zakah. However, if you are yet to make such a deal and your Zakah
paying date arrives, then you must pay the Zakah of this reserved
money. The simple reason is that the currency reserved to buy such an asset
is yet to be converted into that asset.
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