Dear Ghamidi sahab,
I have listened to your lectures and I have been able to correct my many beliefs that we had from my ancestors.
Relating to mortgage you said that banks buy us the property but when I read the agreement they actually lend us the money and our liability is the cash which they paid to our layer to acquire my property , the title name on the property is mine not the bank so…
I have purchased a piece of land through "Qarz-e-Hasna". That piece of land is rented out for commercial use. I am getting yearly rent of that land and am yet paying back "Qarz-e-Hasna". Shall I be liable to pay the Zakat on the yearly rent that I receive?
In order to supplement my pension I recently invested in two commercial properties to rent. One of these will be transferred in my name in a few days time and its rent will start coming from Jun/Jul'18.For the second property I am scheduled to make final payment in Jul'18 and will be
transferred in my name on final payment. The rent will not come in before Jan/Feb next year. So far I have only made…