Prayers & Duties >> Zakat & Charity
Question ID: 162932Country: India
Answer ID: 162932
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1246/1070/D=10/1439)
(1) No, zakah will not be wajib on this plot. Yes, when it is sold out and you have cash money in your hand then zakah will be wajib on cash money as per the rules.
(2) No. When you get rent after the house is built then zakah will be wajib as per the rule of cash on completion of the year.
(3) If you bought it with the intention of business but later on the intention changed then no zakah will be wajib in future.
(4) Zaid whose intention was business i.e. earning profit by selling it he will have to pay the zakah of his share in plot each year. And whose intention was not of business no zakah will be wajib on him on the value of his share in the plot. However, when the plot is sold out and the cash is in hand then zakah will be wajib on cash as per the rule of zakah.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India