The Majlis Archive

Zakaat The Majlis Vol 28 No 10, p.2

When calculating Zakaat may I deduct from my total Zakaat taxable wealth the property bond payment which is payable over 15 years?

Question

When calculating Zakaat may I deduct from my total Zakaat taxable wealth the property bond payment which is payable over 15 years?

Answer

When calculating Zakaat, only the one month's instalment should be deducted.

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