Back to search
The question

Is zakat obligatory on a sum of money that has reached the nisab, but was paid to reserve a car that has not yet been received, and this was several months before the nisab was due?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

If the money was paid as the price for a car intended for trade, its value is subject to upon the completion of a hawl (lunar year) if the debtor is solvent and willing to pay. However, if the debtor is insolvent or procrastinates, zakat is not due until the money is received, and then it is paid for one year only. If the money was paid as a pledge or down payment, it remains under your ownership and is subject to zakat upon the completion of its hawl.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
43449
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