If I bought a plot with an intention of selling it with a profit, would I have to pay zakat on this?
Yes, in this case zakat is mandatory.
Original Source Link (from Way Back Machine archive)
Home » Hanafi Fiqh » ShariahBoard.org » If I bought a plot with an intention of selling it with a profit, would I have to pay zakat on this?
Related Q&A
- What is the Zakat on income less than a year?
- A person who bought a plot of land with the intention of selling it, but he did not sell it, does he have to give Zakat on it.
- What is the sunnah way of giving Zakat on land intended to sell in the future?
- Zakat on a plot of land
- Is it permissible to invest in policies with variable profits for Zakat purposes?
- Zakat on Plot of Land
If I bought a plot with an intention of selling it with a profit, would I have to pay zakat on this?
Answered as per Hanafi Fiqh by ShariahBoard.org
Scholar:
Shaykh Navalur Rahman
Short Link: https://islamqa.org/?p=234624
Link copied!
This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.
Read answers with similar topics:
ZakaatRelated Q&A
- What is the Zakat on income less than a year?
- A person who bought a plot of land with the intention of selling it, but he did not sell it, does he have to give Zakat on it.
- What is the sunnah way of giving Zakat on land intended to sell in the future?
- Zakat on a plot of land
- Is it permissible to invest in policies with variable profits for Zakat purposes?
- Zakat on Plot of Land
Random Q&A
More Answers…
- Ear Piercing for boys
- Permissibly of Surrogacy in Islam
- Aqa‘id (Beliefs)
- What say the muftis of deen if some congratulates after sighting the moon for Eid of Ramadan or the Eid of Adha?
- Strengthening One’s Weak Eeman
- Can you please explain to me the difference between fornication and adultery?