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The question

Is zakat obligatory for someone who borrowed money and used it to buy cars wholesale, then sold them, made a profit, bought real estate with the profit, and donated a portion of the profit? And how is zakat calculated in this case?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

You are not required to pay on the real estate in which you invested your money if it is not intended for sale. However, if it is rented out, Zakat is due on its rental income once a year has passed over it. The Zakat year is calculated from the time of the contract, regardless of whether the rent was received in advance or in arrears. What you spent on building the mosque and charitable projects is a righteous deed.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
13619
Imported
Translation status
Source text, unreviewed
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