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Zakat On Investment Plot
Aoa. Recently ghamidi sab told zakat on plot for investment purposes. When 10% zakat will be deducted? As mentioned by ghamidi sahab we can calculate zakat when we sell it. Zakat will be on profit or on whole amount. If on profit how we calculate profit every yearand if on whole amount then may be zakat amount will be greater than plot amount itself. Kindly guide.
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3 Replies
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Zakat On Investment Plot
updated 3 years, 12 months ago
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Replies
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If plot has been kept as investment for capital appreciation, then only mode of Zakat applicable would be 2.5% of its value at yearend combined with other wealth a person possesses. There is no application of 10% Zakat on it. This 10% applies in cases when there is production involved.
Please find summarized law of Zakat here:
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Thank you for your reply. How we will calculate 2.5% zakat on plot. I mean with reference to the money we bought it or present value. If present value then how it can be calculated ? Thanks
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The current value of all assets is used to calculate zakat. In case of a plot you can find an estimated value from a real estate agent.
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