I have purchased another house ( not possessioned yet ) where may be or may be not I will accomedate.

Mu' meneen Brothers and Sisters,

As Salaam Aleikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)

 

One of our brothers/sisters has asked this question:

Another question is now a days I am living in my late father`s house which is not divided among brothers and sisters yet. I have purchased another house ( not possessioned yet ) where may be or may be not I will accomedate. what is the status of liable zakat on newly purchased house?
Is possession is also condition ?

 

(There may be some grammatical and spelling errors in the above statement. The forum does not change anything from questions, comments and statements received from our readers for circulation in confidentiality.)

 

Answer:

 

Posession a condition of zakah

In the name of Allah, We praise Him, seek His help and ask for His forgiveness. Whoever Allah guides none can misguide, and whoever He allows to fall astray, none can guide them aright. We bear witness that there is none worthy of worship but Allah Alone, and we bear witness that Muhammad (saws) is His slave-servant and the seal of His Messengers.

 

Indeed, zakah is liable from every believer (man, woman, or child) whose net excess assets are above the prescribed ‘nisaab’ and have been in their possession for a period of one full calendar year.

 

Your Question: I am living in my late father`s house which is not divided among brothers and sisters yet.

The house one actually owns (full or part), the car one owns and drives, and the furniture and fixture one uses on a daily basis are all exempt from ‘zakah’….thus there would be no ‘zakah’ liable from you if you live in the house which was owned by your late father, which would obviously be partly owned by you in accordance with Sharah inheritance.

 

For the rest of the properties and wealth left behind by your late father, if the inheritance is not yet divided amongst his legal heirs….the ‘zakah’ for those assets would be payable from the wealth left behind by the deceased.

 

Your Question: I have purchased another house ( not possessioned yet ) where may be or may be not I will accomedate. what is the status of liable zakat on newly purchased house? Is possession is also condition ?

Lets say, at the beginning of the year you had 100,00.00 cash, and after six months you invested that money in buying a property for the same amount.  At the end of the calendar year, you would indeed be liable to pay ‘zakah’ at the rate of 2.50% on 100,000.00….for this amount has been in your possession for a period of one full calendar year (regardless of whether it was part-time in cash and part-time in property).

 

Because the house one lives in is exempt from ‘zakah’ in Shariah, when you actually move into and live in the house, you need not pay ‘zakah’ on that house thereafter.

 

Whatever written of Truth and benefit is only due to Allah’s Assistance and Guidance, and whatever of error is of me alone.  Allah Alone Knows Best and He is the Only Source of Strength.

 

Your brother and well wisher in Islam,

 

 

Burhan

 

 

Copyright © 2022 Wister All rights reserved

Privacy  |  Feedback  |  About Wister  |  Volunteer Wister  |  Ask a Question  |  Widget