DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Very detailed questions about Zakah on Land

**xiaoselangone** · 12-05-2011, 10:36 AM

Brother you have many facts and assumptions wrong in my opinion.

For example how can no one be owning the land at any point?

Also you don't pay zakat on the profit, you pay it on the entire amount. Please explain to me what you plan to do without extra additional comments so I can analyze it. I am getting totally confused by your analysis in the middle of the questions.

Salaam

For example how can no one be owning the land at any point?
I never said this. I said it will come into MY possession once I pay all the instalments. Till then, it's in the possession of the Real Estate Company and it's up to them to pay zakah if they wish. However, since it isn't mine, I don't have to pay zakah as appears to be the case per Mufti Ibn Adam's Fatwa.

Also you don't pay zakat on the profit, you pay it on the entire amount.
Jazak Allah Khair. I think I completely missed this point. As I am from a Chartered Accountancy background, I think I took it for granted that it's only applicable on the profit! Astaghfirullah.

Please wait for the next post where I will simplify the question.

12-05-2011, 10:36 AM	#6
xiaoselangone Join Date Oct 2005 Posts 542 Senior Member	Brother you have many facts and assumptions wrong in my opinion. For example how can no one be owning the land at any point? Also you don't pay zakat on the profit, you pay it on the entire amount. Please explain to me what you plan to do without extra additional comments so I can analyze it. I am getting totally confused by your analysis in the middle of the questions. Salaam For example how can no one be owning the land at any point? I never said this. I said it will come into MY possession once I pay all the instalments. Till then, it's in the possession of the Real Estate Company and it's up to them to pay zakah if they wish. However, since it isn't mine, I don't have to pay zakah as appears to be the case per Mufti Ibn Adam's Fatwa. Also you don't pay zakat on the profit, you pay it on the entire amount. Jazak Allah Khair. I think I completely missed this point. As I am from a Chartered Accountancy background, I think I took it for granted that it's only applicable on the profit! Astaghfirullah. Please wait for the next post where I will simplify the question.
	Quote