IslamQA

Zakat on land for business

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
I have buy a land for plotting so I am coming under zakah or not and if I have come so I will pay zakah on complete cost of land or only profit of land.

بسم الله الرحمن الرحيم

(Fatwa: 783/748/SN=11/1436)

Zakah shall be wajib on the whole cost of the land not only on the profit provided the condition of zakah is found. And the cost of purchase will not be taken into consideration rather the cost in which the land is sold out after completing the year shall be calculated.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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