One thought on “Zakat

  1. Assalam-au-alaykum,

    I have a question about Zakat on plot of land owned. For example I have few plots of land that I purchased over a period of time (more then a year). I do not intend to sell them immediately but I’m simply keeping them for future needs should they arise to cover for my children education, marriage etc. I have read on a wed site that as per Imam Malik’s view point I only have to pay Zakat on the plot of land when I sell them however I also read different views on the web that I have to pay Zakat @ 2.5% annually on the current market value of the plots of land. I will appreciate if you please clarify and advise.

    Jazak-Allah

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