Zakah on Shared Property (Ahadith 1229 – 1230)
Hadith no. 1228 (below) is a repeat. Read it here (Hadith no. 793).
Narrated Ibn Abbas :
I am a witness that Allah’s Apostle offered the Id prayer before delivering the sermon and then he thought that the women would not be able to hear him (because of the distance), so he went to them along with Bilal who was spreading his garment. The Prophet advised and ordered them to give in charity. So the women started giving their ornaments (in charity). (The sub-narrator Aiyub pointed towards his ears and neck meaning that they gave ornaments from those places such as ear-rings and necklaces.)
Zakah on Shared Property
Abu Bakr wrote to me what was made compulsory by Allah’s Apostle and that was (regarding the payments of Zakat): Neither the property of different people may be taken together nor the joint property may be split for fear of (paying more, or receiving less) Zakat.
Abu Bakr wrote to me what Allah’s Apostle has made compulsory (regarding Zakat) and this was mentioned in it: If a property is equally owned by two partners, they should pay the combined Zakat and it will be considered that both of them have paid their Zakat equally.
- There is no Zakah on land of one does not intend to sell it. Details.
- Shares in land – to be treated as trade goods. Calculate their value each year and pay Zakah. Details.
- In partnership (mudaarbah), each partner pays Zakah on his share. Details.
- Zakah on shares.
It’s all a bit too much to take in at once, I agree. Took a lot of time making sense out of it myself. Basic principle is quite simple and direct, it gets complex when we get into the nitty gritty. Some might not agree with me. Well.
Posted on November 24, 2012, in iLook and tagged bukhari, charity, goods, hadith no 1228, hadith no 1229, hadith no 1230, land, mudarbah, partnership, property, share, trade, zakah. Bookmark the permalink. 1 Comment.