You are here

Car Warranty / Zakat

Q:

I have 2 issues to ask from a right Scholar.

Could you please help

1. Is Car Warranty is allowed in Islam? as I called a Mufti at Leicester Daraul;afta who is saying that it is not allowed in Islam as it is kind of Insurance

2. Do I have to pay Zakat on the property as I had purchased a shop 20 years back as investment for the propose of buying a House for my own family residence ( I have not taken Mortgage due to religious reason) and for education/marriage of my children? This shop is locked since last 20 years now I want to sale it as my son got admission and want to payoff University fee of my son and to safe for Marriage of my daughter.

My wife has heard from somewhere on U tube from a mulana saying that you must pay zakat on this property. Could you please let me know about this. It will be great.

Thanking you in anticipation

Kind regards

A:

Bismillah ArRahman ArRaheem

Answers are as per the marjaiya of Syed Sistani:

1. There is no problem in it.

2. Khums is payable on investments.

S.L. Al-Hakim