Q: I have two residential plots. I intend to sell these plots and construct a house for my personal living. My query is that,do I have to calculate the market price of these plots for my annual Zakat calculations till I construct my house or merely the intention of using these plots for my personal house is a valid reason not to count the value of these plots

A: Zakat will be due on the market value of those plots on your Zakat day. What makes those plots a Zakatable asset is the fact your intention of reselling them was present at the time of the purchase.

And Allah knows best!

Mufti Billal Omarjee
Was this article helpful?
Thank you!