Q: We have business of construction, we have assets like vehicles and plots which we purchased in the past for projects, now we are not using them, so is there any zakat are payable on them or not? Kindly guide us.
Fixed assets are not Zakatable; any land bought with the intention of resale is zakatable.
And Allah knows best
Approved by Mufti Amjad 13th August 2023
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