Zakir Naik – Rulings Regarding Paying Zakaat On Land

Zakir Naik

Rulings Regarding Paying Zakaat On Land – Dr Zakir Naik

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The speaker explains that land sales are not a requirement for doing business, but rather something that is necessary to pay the seller. If the land is purchased before 2.5 years, the seller will have to pay 2.5% of the value of the land. If the land is purchased after 5 years, the seller will have to pay 5.5% of the value of the land. If the land is purchased before 2.5 years, the seller will have to pay 2.5% of the value of the land.

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			How should Zakat be paid on land? Is it sufficient to pay zakat on it once for a number of years,
when it is sold,
		
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			if any land is purchased for the purpose of selling for doing business, then the clock should be
paid 2.5% of the value of the land every year. So, once you possess the land, and if one year
passes, then you have to pay 2.5% of the current value. So, whichever date you have chosen to
calculate, it should not be on the price at which you purchased, the price may go up offline, the
price may go down. So whatever is the present value of the land that you possess, the moment one
year is completed, after you've acquired ftps, aka 2.5% on it. And suppose you have a land for
several years, and
		
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			you have to pay every year from whatever other wealth you have. But if you don't have any other
wealth, and it's only land that you have, and you're unable to pay the sucker paying every year is
the best. But if you're unable to pay if you don't possess any other wealth, that time as a last
resort, which is not recommended. But as a last resort, if you don't have any money, then you can
delay the paying of the car till the time you sell it. And when you sell it, if you possess the land
for five years,
		
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			and you haven't paid the cost when you sell it, you have to pay five into 2.5. But you have to note
down the value of the land every year. The first year the value may be x, second year it may be y 30
it will be said So note down the value every year. And if you 2.5% of that value that year.
		
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			And if you add up 2.5% each year out of the five years and then that amount of to give after you
sell the land. The best is to give it as soon as possible. Thank you Dr. Sokka.