Is zakat due on money from selling an apartment that was bought and sold in installments and used for residence?
If the apartment was purchased with the intention of dwelling or renting it out (for personal use), then there is no due on it. Zakat becomes due on its price (the money received from its sale) if it reaches the (minimum threshold) and a hawl (one lunar year) has passed on it from the day it was sold. However, if it was purchased with the intention of trade, then it is considered among trade goods (ʿurūḍ al-tijārah), and zakat becomes due on it before its sale, upon the passing of a hawl on the original capital. Zakat also becomes due on its price after the sale, upon the passing of a hawl, if it does not fall below the nisab.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 190334
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy