Is zakat obligatory on 400,000 Syrian pounds mortgaged for housing, 300,000 Syrian pounds invested, and 300,000 Syrian pounds, the price of a subscription booklet in a housing cooperative?
is obligatory on wealth that reaches the (minimum threshold) and on which a full lunar year (hawl) has passed.
As for mortgaged wealth, zakat is obligatory on it. The mortgagor should pay it if the mortgagee agrees, or it should be paid from other funds, or one can wait until the mortgage is released to pay it for the past years. There is a difference of opinion among scholars regarding the mortgaging of money and its details.
Wealth invested in (profit-sharing partnership) is subject to zakat, and its profits are zakatable along with it if they are not spent.
However, wealth that has left your possession to purchase a dwelling is not subject to zakat.
Regarding the deduction of debts from zakatable wealth, there is a difference of opinion. The more cautious approach, to avoid disagreement, is to pay zakat on all wealth.
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