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The question

Is zakat obligatory on an amount paid as a down payment for the purchase of a residential apartment, then refunded after the company's failure to build it?

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

If the sale is concluded, you are not obligated to pay on the money for the period it was out of your possession, even if it returns to you later. Rather, you would start a new hawl (lunar year) from the day it returns to you. Zakat becomes obligatory on the company if the wealth reaches the , because it became its property after the contract.

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
87108
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.
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Read the full answer on Ftawy