Question
I have purchased a property. The purchase price is in the lawyer's trust account. It will be paid on the date of transfer. Do I have to pay Zakaat on this amount?
Answer
Yes, you have to pay Zakaat on your money held in the lawyer's trust account.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 27 No 12
- PDF page
- 4
Appears under DEVIATE MOLVIS / SHEIKHS (approximate).