Zakah on properties purchased for sale : Zakah on land purchased for sale
Fatawa Question
Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, A friend of mine bought a piece of land one year ago. The price was 300,000 rupees. His plan was to sell it. Now he still owns the land and the market value has gone up to 400,000 rupees. So should he pay Zakahh on the 300,000 or the 400,000. And how much percentage should he pay ? I would be very grateful if a reply could be received as soon as possible. May Allah bless the people who are responsible for this site. Jazakum Allahu Khairan for your constant help
Fatwa
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Publication Date
2006-10-02
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-792356
American Psychological Association (APA)
Qahf, Mundhir. 2006-10-02. Zakah on properties purchased for sale : Zakah on land purchased for sale. .
https://search.emarefa.net/detail/BIM-792356
Modern Language Association (MLA)
Qahf, Mundhir. Zakah on properties purchased for sale : Zakah on land purchased for sale. 2006-10-02.
https://search.emarefa.net/detail/BIM-792356
American Medical Association (AMA)
Qahf, Mundhir. 2006-10-02. Zakah on properties purchased for sale : Zakah on land purchased for sale.
https://search.emarefa.net/detail/BIM-792356
