Is zakat obligatory on a wife's and daughters' jewelry, and on an apartment and land bought for investment that have not yet been paid for or utilized, and what is the zakat threshold for them?
Summary of the :
- on jewelry: There is no difference between the jewelry of the wife and that of the daughters. According to the majority of scholars, there is no zakat on it. However, according to another view, it is subject to zakat if it reaches the and a full year has passed. - Zakat on an apartment: There is no zakat on it as long as it is not for sale. If it is rented out and its income reaches the nisab and a full year has passed, then zakat is due on it. - Zakat on land: If purchased for trade, it is subject to zakat as a trade commodity at one-quarter of one-tenth (2.5%) if its value reaches the nisab. However, if purchased for ownership or use (such as for planting or building), there is no zakat on it except from its produce if it is rented out or if the building constructed on it is rented out.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Original fatwa ID
- 71174
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- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
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