Fatwa #1352027 September 2005Pakistan

I pay monthly installment of Rs. 7,000 per month, I want to ask you that 'Zakat' and 'Qurbani' is wajid on me or not

Question

I want to ask you that (1) My monthly earning is arround Rs. 11,500, I have booked a Flat <for residence purpose> worth Rs. 340,000 Rs. 125,000 (HB Loan), I have paid Rs. 169,000 till now, for this I have taken loan of Rs. 75,000 from my relative (Still to be paid). I pay monthly installment of Rs. 7,000 per month, I want to ask you that 'Zakat' and 'Qurbani' is wajid on me or not. jazakallah

Answer

According to our understanding, your liabilities including payment for the house is approximately Rs200,000.

Zakaat and Qurbaani is not compulsory upon you.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

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#15812I have student loans of $9,000, I also own 40 tolas of gold. I am I eligible to pay Zakat?..Qurbani??
#14631I go by the mid of Ramadhan as my year end for Zakat purposes. I bought a house on Islamic Finance. I have already paid 10% of the price as a booking deposit. I am expected to pay another 12% by end of December 2006.
#172051) I had a appartment worth 150,000/- Euros(sold already now) on which I had mortgage amount remaining of 75,000/- Euros..... 2) I have 150,000/- Euros in my bank account for last 8 months, but I had more than Nisaab
#32844How and what will be my Zakat obligation on this property/rental income/outstanding loan?
#14711A madressa educates 100 children and specifies a fee of R250 per annum. The running costs are R50 000 per annum. Parents who cannot afford the fees sign an authorization to use Zakaat funds to pay for the education
#15301I had taken a loan amount of Rs. 350,000/- from an individual for construction of our home. My home value in local market is about Rs. 800,000/-
#15302I had taken a loan amount of Rs. 350,000/- from an individual for construction of our home. My home value in local market is about Rs. 800,000/-

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