Question ID 2090 - Zakat and Khums - 2014-11-23 02:30:01 |
Dear Sir ASAK,
1) I bought one house and now getting rent on monthly basis, with this rent I am paying partial installment for second house to bank from whom I took loan to buy second house.
My question is how much khums applicable on 1st house and second house bank loan will be cleared after 14 years of bank installments. Kindly advise when khums will be apply on second house.
Thanks & regards |
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Answer:- If you are not residing in the first house, you must pay Khums on what ever
you own from that house. If you reside in that house, then there is no
Khums on residence.
Second house is same if you do not reside in it. You need to pay Khums on
the value of what you own from that house once every year. Paying Khums on
any amount makes the remaining pure and free from Khums for all years to
come unless the value goes up, then Khums will be obligatory on the excess
in the value only.
Wassalam.
Mohammad al-Musawi
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