Question
I bought land with the intention of building a house on it and then sell it. The building is still unfinished. How should I pay Zakaat?
Answer
Since the intention for procuring the land and building the house is to sell it for profit, you have to pay Zakaat on the value of the unfinished house - on the land and the house.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 26 No 08
- PDF page
- 2
Appears under AUCTION MALPRACTICES (approximate).