Zakir Naik – Zakaat on Land

Zakir Naik
Share Page

AI: Summary ©

The speaker explains that ZAGG will be paid on land once for a number of years, but if the land is purchased for selling for doing business, the cloud will be paid 2.5% of the value of the land. If the land is purchased for selling only for doing business, the ZAGG will be paid every year after the first year. The best way to pay ZAGG is to pay it as soon as possible, but it is recommended to delay payment until the time of selling the line.

AI: Summary ©

00:00:00 --> 00:00:14
			Question number three. 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,
		
00:00:15 --> 00:01:00
			if any land is purchased for the purpose of selling for doing business, then the cloud 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 FPS aka 2.5% on it. And suppose you have a land for several
years, and
		
00:01:01 --> 00:01:28
			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 Zakat, 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 credit in the time you sell it. And when you sell it if you possess the land
for five years,
		
00:01:29 --> 00:01:48
			and you haven't paid because 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 revenue 2.5% of that value that year.
		
00:01:49 --> 00:01:56
			And if you add up 2.5% each year, add up the five years and then that amount of leave after you sell
the line. The best is to give it as soon as possible.