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zakah

Last updated: 26th August 2005
Question ID: #709
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Recently, I have bought a house present valued $250,000 from Islamic bank in Australia. I have to pay say $1500/month for 30years. I have some cash in bank say $40,000 in abroad. We have some gold as well. The total value in bank and gold is less then 250,000(house value) need to pay. Should I have to pay jakah? if yes on which amount?


Bismillahir Rahmaanir Raheem



Al Jawaab Billahit-Tawfeeq



Respected questioner.



You will have to give Zakaat upon the amount of wealth you possess at the end of each year, as is the case normally with Zakaat, there is no difference.[1] [2]



[1]Jadeed Fiqhi Masail- Moulana Khalid Saifullah , Page 145, Volume 1, Zamzam Publisher Print.



[2]

إنَّ الْمُؤَجَّلَ لَا يَمْنَعُ؛ لِأَنَّهُ غَيْرُ مُطَالَبٍ بِهِ عَادَة



Badai-AL-Sanai-Fi-Tarteeb-AL-Sharaii, Kitaab-AL-Zakaah, Fasl Fi Sharaait-Al-Faridha, Volume 2, Page 391, Dar-AL-Hadeeth-AL-Qahirah Print





And Allah knows best

Ulamaa
Answer last updated on:
1st November 2012
Answered by:
Ulamaa ID 12
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Location: United Kingdom
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Maulana Khalil Ibn Elyas Laher



London, UK