Zakaat on land with debt owing
I have a question on behalf of my friend in Pakistan. He has booked a land in Pakistan on monthly installments for business purposes. He has paid some installments of it and others are still left. He will get the possession of the land once he pay all the installments.
His question is does he has to pay zakat on it?
Jazak Allah khair
وعليكم السلام ورحمة الله وبركاته
Zakāh is not payable on an item that one does not own. In the above case – based on the above explanation – due to non-ownership there is no Zakāh due .
Going forward in order to determine whether Zakāh is due or not, the aspect of ‘ Business Purposes ‘ needs clarification.
And Allah Ta’ala knows best.
Shaykh Shabir Moosa