Zakat Expert

Q: I am not a business man, I have money in the bank and bought a land with this money and my intention to resell it after 3-5 years , do I have to pay Zakat every year on it?*

If your intention is to sell it after 3-5 years, that means you bought it with the intention not to sell right now. Therefore, it is not Zakatable.

And Allah knows best!

Mufti Faraz Adam

Helping you bring Zakat
to life where you live.

 

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