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The question

How is the zakat on money calculated for two plots of land that were purchased for investment or future construction, knowing that there is an intention to sell them and buy a single plot for building homes for the children?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

There is no on it because the default is that zakat is not obligatory until the intention for trade is purely formed. Zakat on trade goods is determined by appraising the commodity prepared for sale at the time zakat becomes due, then one-quarter of one-tenth of its value is given.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
108483
Imported
Translation status
Source text, unreviewed
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