What is the Zakat due on an amount of $12,0 if it has been owned for less than a month after selling land?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The amount is a quarter of a tenth (2.5%), and it is due on money under two conditions: reaching the (minimum threshold), and the passing of a hawl (one lunar year).
If the land is not intended for trade, then zakat is not due on the amount until a hawl has passed for the owner. If it is intended for trade, then zakat is due on the amount after a hawl has passed on the original capital with which the land was purchased.
Summarized from the full answer at Ftawy · imported
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- 92253
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