Assalamu’alaykum.
My mum has invested a considerable amount of money into different portfolios and I need to know if zakat is due on all the investments
- A property Development project
- ESE capital strategic land acquisition
- Cur8 capital
She has invested money into each
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The property development project she invested over £30,000. It is in process of being developed, not habitable at the moment. The value of her investment is estimated to go up 15% on completion but not for another 6 months. Does she owe zakat on the £30,000 she invested?
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ESE Capital. This company bought strategic land and hopes to get planning to build a wellness and health centre. We have no access to cash if we wanted it back etc. My mum invested over £10,000 here. It is estimated to go up 50%. Planning requests so far have been rejected so a new proposal is being made. Is full zakat due on this?
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cur8 capital. My mum invested approximately £20,000 here in startups. Is zakat due on this?
Apologies if this has been covered elsewhere I could not find it. I tried using cur8 zakat calculator but it was unfortunately not helpful with this
JazakAllahu Khayrun