[Zakah calculation]

السؤال

My case scenario is mention below ; I would like to have an answer to it. I would like to find out that how much Zakah is applicable in the below mentioned scenario. Your reply will be appreciated. My father acquired a loan "overdraft facility" on his house 8 years ago. The loan was 3.1 million and he submitted the property (house) papers to the bank as collateral. This property was not the spare property rather currently residing property where we, as a family, live. The installments were paid every month and for three years he kept paying the loan installments (only interest amount) without contributing to the principal amount. In 2007 he acquired more loan and extended the sum to 7.1 million which was also paid as installments. By this extension loan he constructed an apartment on top of our resident property adding a new property which was completed in 6 months, but the unfortunate thing was that it didn't sell on time. Although the new apartment was also in the same property, thus it increased the value of the overall property too. My father’s friend suggested defaulting on the loan and stop payments including interest installments (he put sense into my dad not to pay Haram / non Shari`ah money to the bank). Upon that my father stopped payments and hired a lawyer when the bank insisted to pay the amount. The case was filed in banking court and a decree was charged by the bank to sale the property in auction. Fortunately we asked our lawyer to counter petition in high court and stopped the auction (against 1 million security deposit to the court to hear us before the auction), which luckily worked and we were able to hold the property to us, and we agreed with the bank (in January 2012) to pay the principal amount in installments which was 4.8 million, as banking court squared the paid amount of interest in principal amount so the loan was reduced from 7.1 to 4.9 million. By January 2013 we paid 2 million to the bank. In the same month Jan. 2013 we got a firm offer from a buyer to buy our apartment and we sold it for 6.5 million from which we paid 1.8 million and court realized the 1 million as well totaling the amount of 4.8 million.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2013-02-07

التخصصات الرئيسية

العلوم المالية و المحاسبية
الأديان
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• أصول الفقه الإسلامي
• البيوع
• الإسكان
• الاستثمارات
• الديون
• الأموال
• الزكاة
• الملكية
• الربا
• المدفوعات

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-733640

• APA
• MLA
• AMA