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Zakat On Plot For Making Home On It
I have bought some small plots with an intention to sell them off in future to buy a home.
As per my understanding, I’m NOT liable to pay 2.5% saving zakat because it comes under my Personal belonging.
But I have just heard a video of Ghamidi sb stating otherwise, Can someone help in this
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1 Reply
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Zakat On Plot For Making Home On It
updated 4 years, 7 months ago
2 Members
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1
Reply
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That’s correct, you would still pay zakat on the value of the land if you meet the nisab. Once you have built a house on this land for personal use then it’s exempt from zakat.
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