Title: Property value to be considered for zakah calculation?
Question: I have purchased a property whose amount I am suppose to give in 4 years in installments. This purchase and payment is completely interest free. Till now I have paid some 4 to 5 installments. So do I need to consider the money that I have paid till now in Zakat amount calculation?
Answer ID: 170574Posted on:
Aug 30, 2020
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1042/892/L=09/1440)
There is no zakah on the amount which you have paid.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India