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zakat on property investment

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johnt89 View Drop Down
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Joined: 06 June 2018
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    Posted: 06 June 2018 at 8:10am
Assalam o Alaikum

Here is the situation

I sold my primary residence and purchased another primary residence.
Instead of putting all the money I made from the sale into my 2nd prim. res. I kept $100k.

I invested this $100k sometimes in mutual fund and sometimes in lending for business loan.

Do I owe zakat on the $100k or the money I made from the $100k?

Thanks Jazakallah


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Dr. Aslam View Drop Down
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Joined: 24 February 2018
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr. Aslam Quote  Post ReplyReply Direct Link To This Post Posted: 21 June 2018 at 2:13pm
You will pay zakat on the profit of your investment.

Best Regards,
Aslam Abdullah
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