How can we give zakat on a residential plot?
Question
How can we give zakat on a residential plot?
Answer
There is no zakaat on a residential plot, unless it was bought with the purpose of reselling. In that case 2.5% of its present market value must be given in Zakaat ,every year.
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
- Answered by
- Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/10069
Fatawa SA: https://fatawa.co.za/fatwa/askimam-10069
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