As per my understanding, Zakat should be paid on everything which can be converted into money other than your only house for living and accessories in that house.
All other homes, plots, cash, jewellery, Shops, investments, loans, pending payments are subject to Zakat.
Actually i read one post this morning and it was confusing. Post says Zakat is only on the income from the house or shops, not the value of house and plot.
Can anyone clarify with logic?
All other homes, plots, cash, jewellery, Shops, investments, loans, pending payments are subject to Zakat.
Actually i read one post this morning and it was confusing. Post says Zakat is only on the income from the house or shops, not the value of house and plot.
Can anyone clarify with logic?