Zakaat on Land
Channel: Zakir Naik
File Size: 1.61MB
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,
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
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,
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.
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.