zakat of propertygreenspun.com : LUSENET : Zakbt : One Thread
Assalamualaikum, 5 yrs ago I inherited a real estate (house) from my now late mother. 3 yrs ago I mortgaged the house to a bank for a loan facility. Recently I have sold the house. Question 1 : Do I pay my zakat based on the sale value of the house or after deducting the amount borrowed from the bank ? Question 2 : What is the implication for me to pay my zakat in another country instead of the country which I am residing now ? Thank you and awaiting your reply.
ARIF Kuala Lumpur Malaysia
-- Abdul Salam Arif (email@example.com), January 06, 1999