property income

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Question ID: 40078
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The property syndicate is advising that since the money is invested in property then no Zakaat is payable on the invested amount. Is this valid? The invested amount is not immediately available if required by investor but can be made available in a few dayseg. 3 to 5 days.
Jazakallah

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Asked on January 1, 1970 12:00 am
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Zakaat is payable.

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Answered on January 1, 1970 12:00 am