Question ID: 24520
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Bismihi Ta’ala
Muhtaram Mufti Saheb
As Salaamu Alaikum Warahmatullahi Wabarakaatuh
Kindly answer the following questions pertaining to Zakaat. May Allah Ta’ala reward you, Aameen.
1. Is Zakaat payable on freehold vacant land? If yes, how should this be calculated?
2. Is Zakaat payable on buildings purchased as investments (No income derived)? If yes, how should this be calculated?
3. Is Zakaat payable on buildings purchased as investments (Rental income derived)? If yes, how should this be calculated?
4. Is Zakaat payable on buildings purchased as investment in a consortium (No income derived)? If yes, how should this be calculated?
5. Is Zakaat payable on buildings purchased in a consortium (Income derived but not yet distributed)? If yes, how should this be calculated?
6. Is Zakaat payable on public company shares? If yes, how should this be calculated?
7. Is Zakaat payable on second and third homes used occasionally? If yes, how should this be calculated?
8. Is Zakaat payable on loans given to individuals and companies? If yes, how should this be calculated?
Jazakumullah

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Asked on August 27, 2011 12:44 am
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Private answer
1) If you are going to sell the land then pay on the market related value. If not- no.
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Answered on August 27, 2011 12:44 am