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Zakat On Investment Made In A Pre-construction House
During Ramadan, I fulfill my Zakat obligations. I used some savings to invest in a pre-construction house, set to close in early spring 2025. Do I need to pay Zakat on the advance payment? The house is not my primary residence but rather purchased for investment purposes. @Canada
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2 Replies
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Zakat On Investment Made In A Pre-construction House
updated 8 months, 3 weeks ago
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It will be considered saving and Zakat of 2.5% will be paid on this amount of investment.
Please refer to the video below from 15:10 to 15:26
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The above answer relates to the investment made in a plot/property for capital appreciation purposes only.
However, if the question relates to the business of sale and purchase of plots or to the business of construction and sale of houses built on that plot, then please refer to the following thread:
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