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Do I need to pay zakah on land I bought for my kids 3 yrs ago, not intending to sell it?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
I have open land 150 sq yards & 200 sq yards purchase 3 years back for my daughter for my son respectively – do I need to pay zakah for that? I don’t have any intention to sale it, just wanted to give it to them on their marriage.

بسم الله الرحمن الرحيم

(Fatwa: 748/694/SD=7/1438)

In the question mentioned above, if you have not bought the said land with the intention of selling rather you have bought it for your son and daughter then no zakah is fardh on it.

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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