Zakaat FAQs Part 3 (6/6)

There is no Zakaat due on property that has not been purchased with the intention of resale (trade). In your situation, since you have purchased a share of property as an investment and not for resale, there is no Zakaat due on your share of the property itself. However, the dividends that you receive will be subject to Zakaat if you have saved up these funds.

Whatever you have saved up from these dividends will be subject to Zakaat like the rest of your wealth (2.5%) on your due date for Zakaat.

If you have used up all the funds from these dividends before the due date of Zakaat, there is no Zakaat on these funds.

Zakaat has been due to me in Ramadaan. I have been giving Zakaat on R 20 000.One month ago i have received R10 000. How much should I pay this year in Ramadaan.

If you already possess the Nisaab amount, the amount you receive during the year will be added to your wealth subject to Zakaat even though one complete year has not yet passed on the recently received funds. Therefore, if you possessed R20 000 from last Ramadaan and you now received another R10 000 and you have this amount in your possession on the due date of Zakaat, you will pay Zakaat on R30 000. (Tabyinul Haqa’iq, Vol: 1, Pg: 272)