Zakat on assets acquired for Ijarah financing

By |2023-03-27T09:02:28+00:00September 1st, 2020|Fatwas, Zakat for financial institution and investors|

A company has purchased a building which it leases to a customer for a period of 5 years, with a promise that the leased asset at the end of the lease term, will be transferred to the lessee. Will zakat be due on the value of the building during the leasing period? According to some [...]