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Zakat on the Financial Rights of a Participant in a Housing Project زكاة الحقوق المالية للمشترك في مشروع سكني

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  • MUHAMMAD ZUHAILI

    (Professor at the Faculty of Shariah Damascus University, Damascus, Syria, University of Qatar)

Abstract

This brief paper discusses whether the participant in a housing project is subject to pay zakat. It concludes that the participant himself, and not the association administering the project, is indeed required to pay zakat. The participant must pay zakat until he is clearly assigned (or has legally obtained) a specific house in the project. From then on, he is no longer liable to zakat, because a house for own use is not subject to zakat. If the participant however had from the beginning the intention of using the house for trade, then the house would be subject to zakat as an item for trade. يناقش هذا البحث الموجز موضوع وجوب الزكاة على المشترك في مشروع سكني قيد الإنشاء، وينتهي إلى القول بأن الزكاة تجب على المشترك نفسه وليس على الجمعية التي تشرف على إنشاء المشروع، ويستمر وجوب الزكاة إلى حين تخصيص المشترك بمسكن معين أو استلامه له وبعدها لا تجب عليه الزكاة إذا كان المسكن لاستعماله الشخصي. أما إن كانت نية المشترك من الأصل هي المتاجرة بالسكن فتجب عليه زكاة التجارة.

Suggested Citation

  • Muhammad Zuhaili, 1990. "Zakat on the Financial Rights of a Participant in a Housing Project زكاة الحقوق المالية للمشترك في مشروع سكني," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 2(1), pages 157-162, January.
  • Handle: RePEc:abd:kauiea:v:2:y:1990:i:1:no:12:p:157-162
    DOI: 10.4197/islec.2-1.12
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