Is zakat obligatory on an amount of money designated for paying apartment installments—an amount that has been held for a full year—given that it is in the possession of the buyer but allocated for the seller, and knowing that the apartment is ready to be registered in the buyer's name after all installments have been paid?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If you do not possess other funds to repay the debt, then there is no Zakat due on the amount designated for it. However, paying Zakat as a precautionary measure, at 2.5% of the entire amount, is more prudent and absolves one's responsibility.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/152488
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- Original fatwa ID
- 152488
- Imported
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