AskImamDarul Iftaa Mahmudiyyah (AskImam)
Do I have to pay Zakaat on land?
Question
Aslamualikum! I bought two plots (space to build houses) with the intentions to sell them one day and make profit. But i'm not sure if giving Zaakat is fardh on me or not because of those plots. In other words is it compulsory for me to give Zaakat?
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
References (Arabic / Urdu sources)
http://www.askimam.org/public/question_detail/26513
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