If I purchased an asset with an intention to resell contingent upon something, is the asset Zakatable?
If an asset is purchased for personal use with an intention of selling only if there is capital appreciation,
such an asset will not be Zakatable. Similarly, if an asset is bought for personal use or as buy to let
with the intention to sell one day in the future upon favourable market conditions, the asset will not be
Zakatable
And Allah knows best!
Reviewed on 30/11/2021
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