Q: I bought a plot in 2013 Oct for an amount of 9300000 for the purpose of selling/investment. Today I have sold it for 17500000. Please guide:
1. How much zakat do I have to pay?
2. Will zakat be paid only 1 time on selling or I have to pay for the last two years also?
And Allah Ta’ala (الله تعالى) knows best.
Mufti Ebrahim Salejee (Isipingo Beach)