Is Zakat obligatory for the past and coming year on a sum of money set aside for purchasing an apartment, given that there is an issue with finalizing the contract and a decision has not been made whether to proceed or withdraw?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The mentioned amount remains in the possession of the questioner, and he must pay on it for the past and current year if it remains with him, whether he enters the project or not. If he pays the amount to the entity owning the project, then it leaves his possession and zakat is not obligatory on him. As for purchasing an apartment with deferred payment, there is a difference of opinion regarding the effect of debt on the obligation of zakat on wealth.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/162078
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 162078
- 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