ANSWER: There is Zakat on it if it finishes one lunar year from the day displayed till the day the new House was bought. For example, if you displayed it for sale on 1st of Muharram and it was sold in Ramadan and you kept the money till the following Muharram,  you must give zakat. But if you bought the new house before it finished a lunar year, […]

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ANSWER: You must give zakat on the gold which is above 85 grams of gold. You give 2.5% on any cash you have had in your possession for over one lunar year whether it is yours or it is a loan!  

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ANSWER: Yes if it reaches the nisab. https://youtu.be/iGjpG08SLWI  

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ANSWER: Because Allah mandated that zakat is due only on gold, silver and cash. If you are trading in them, there is zakat. 

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