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Is Zakat payable on Plot of land

Mu' meneen Brothers and Sisters,

As Salaam Aleikum wa Rahmatullahi wa Barakatuh.  (May Allah's Peace, Mercy and Blessings be upon all of you)

 

 

One of our brothers/sisters has asked this question:

SALAM :

WUD U PLS ANSWER THE QUESTIONS :

ON ZAKAT...

1. IS ZAKAT PAYABLE ON PLOT OF LAND, IF YES ON WHAT VALUE ...SPECLY IF THE MKT VALUE IS VERY HIGH BUT NOT AVAILABLE IN CASH??

2. IS ZAKAT PAYABLE ON SHARES, IF YES ON WHAT VALUE ...SPECLY IF THE MKT VALUE IS VERY HIGH BUT DIVIDENDS RECD ARE VERY SMALL??

3. IS ZAKAT PAYABLE ON HOUSE PROPERTY, CAR, JEWELLERY FOR SELF USE, IF YES AT WAHT VALUE...EVEN IF THE MKT VALUE IS TOO HIGH ??

IF YOUR ANSWER TO ALL ABOVE IS YES, THEN HOW WUD ONE PAY IT IN CASH SINCE HE WUD NOT NECESSARILY HAVE LIQUID CASH TO PAY THE ZAKAT CALCULATED ON MKT VALUE.

ON SALAT :

PLS INDICATE HOW MANY SUNNAT RAKATS HAVE TO BE PRAYED AFTER EVERY PRAYER AS SUNNAT A MOAKKADAH ??

JAZAK ALLAH KAIR VA BARAKA FOR THE EXECLLENT SERVICE PROVIDED BY YOU...

 

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Answer:

 

Zakat Issues

In the name of Allah, We praise Him, seek His help and ask for His  forgiveness. Whoever Allah guides none can misguide, and whoever He allows to fall astray, none can guide them aright. We bear witness that there is no one (no idol, no person, no grave, no prophet, no imam, no dai, nobody!) worthy of worship but Allah Alone, and we bear witness that Muhammad(saws) is His slave-servant and the seal of His Messengers.

 

Your question: IS ZAKAT PAYABLE ON PLOT OF LAND, IF YES ON WHAT VALUE ...SPECLY IF THE MKT VALUE IS VERY HIGH BUT NOT AVAILABLE IN CASH??

If the intention in buying or holding the plot of land is for business or to sell it when the value increases, the zakat of 2.5% of the market value of the land has to be paid. If the intention of buying or holding the plot of land is to build one’s own house and staying in it, then there is no zakat on it.

In case the land is bought or held for selling when the value increases later, and the person has no cash; there is no harm if he accounts to pay the 2.5% zakah due every year in one lump-sum when he actually sells the land.

 

Your question: IS ZAKAT PAYABLE ON SHARES, IF YES ON WHAT VALUE ...SPECLY IF THE MKT VALUE IS VERY HIGH BUT DIVIDENDS RECD ARE VERY SMALL??

Zakah of 2.5% of the market value of the shares must be paid. If the market value is high, and the person has no cash, he may account for the 2.5% zakah due every year and pay it in one lump-sum when he actually sells the shares.

 

Your question: IS ZAKAT PAYABLE ON HOUSE PROPERTY, CAR, JEWELLERY FOR SELF USE, IF YES AT WAHT VALUE...EVEN IF THE MKT VALUE IS TOO HIGH ??

One does not have to pay zakah on the house he lives in, or the car he uses, or the furniture and fixture he uses, or any of his assets of personal use. Regarding the zakah due on Jewelry, there are two opinions.

 

Opinion-1 on Jewelry zakah: If one has limited means that falls below the ‘nisaab’, and the woman has only one set of jewelry which she regularly wears, then there is no zakat on her jewelry.

 

Opinion-2 on Jewelry zakah: If Allah has blessed the believing woman to have more than the ‘nisaab’, and the woman has more jewelry than her immediate needs, she must pay 2.5% zakah on her jewelry.

 

Asma' bint Yazid reported: "My aunt and I, while wearing gold bracelets, went to the Prophet (saws). He (saws) asked: 'Did you pay their zakah?' She related that they had not. The Prophet (saws) said: 'Do you not fear that Allah will make you wear a bracelet of fire? Pay its zakah.' " (Narrated by Ahmad)

 

One point to note here that there is no zakah on precious stones like diamonds, rubies, sapphire, etc. in the jewelry, unless these precious stones are for trading or business purposes.

 

Your question: IF YOUR ANSWER TO ALL ABOVE IS YES, THEN HOW WUD ONE PAY IT IN CASH SINCE HE WUD NOT NECESSARILY HAVE LIQUID CASH TO PAY THE ZAKAT CALCULATED ON MKT VALUE.

If one does have the required cash to pay the annual zakh, it would be purer and better if the believer liquidated part of his assets if he can, and paid the annual ‘zakah’ dues on time. But if the asset is such that it cannot be liquidated, or if one stands to loose too much value in liquidating it; there is no harm if one calculates and accounts for the yearly 2.5% zakah dues, and pays the amount in a lump-sum when he does sell his assets.

 

Your question: PLS INDICATE HOW MANY SUNNAT RAKATS HAVE TO BE PRAYED AFTER EVERY PRAYER AS SUNNAT A MOAKKADAH ??

Allah Subhanah commanded and made five prayers obligatory (fard) for the believers, which if the believers do not pray, it is a major sin. All the other prayers are voluntary (nafl); if one prays them, they will get a huge reward from Allah Subhanah, and if one does not pray them, there is no sin. The voluntary (nafl) prayers which the Prophet (saws) prayed become his Sunnah for the believers; and those voluntary (nafl) prayers which the Prophet (saws) prayed regularly are known as the Sunnah Muakkedah.

 

The Messenger of Allah (saws) regularly prayed a total of 12 rakahs voluntary prayers before or after the obligatory prayers as follows:

 

2 before

FAJR

+0 after

4 before

DHUHR

+2 after

0 before

ASR

+0 after

0 before

MAGHRIB

+2 after

0 before

ISHA

+2 after

 

Thus these twelve rakahs are known as Sunnah Muakkedah, and the believers who strive to observe these voluntary prayers will, Insha Allah, receive a huge reward in the Presence of their Merciful Lord.

 

Whatever written of Truth and benefit is only due to Allah’s Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.

 

 

Your Brother in Islam,

 

 

Burhan

 

 




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