Question: Is there Zakaat on land I bought?

Answer: If you purchased the land with the intention of keeping the land then you do not have to to pay Zakaat on the land. However, If you purchased the land with the intention of re-selling, it would be considered as stock in trade; therefore you are obligated to pay Zakaat on the current market value of the land.

ولا في ثياب البدن وأثاث المنزل ودور السكنى وتحوها ( اذا لم تنو للتجارة ) [ فتاوى الشىامى ج٣ ص١٨٢]
And Allah Knows Best

Yusuf Moosagie

Join Daily Fiqh Group 9 https://chat.whatsapp.com/B8pOIv9YVZx2M5o17bnGzi

Join Daily Fiqh Group 10 https://chat.whatsapp.com/0K6og075G0t4kxDZ8GoUWR