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How can we give zakat on a residential plot?

Answered as per Hanafi Fiqh by Askimam.org

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

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This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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