{"_id":"67071063b825924c683fcd77","title":"{\"ops\":[{\"insert\":\"My father-in-law bought a piece of land to build a house and he couldn't secure the money to build. He purchased the land over a year ago and couldn't sell it for the price he wanted. Is there zakat due on this land and if so, how much?\"}]}","question":"{\"ops\":[{\"insert\":\"My father-in-law bought a piece of land to build a house and he couldn't secure the money to build. He purchased the land over a year ago and couldn't sell it for the price he wanted. Is there zakat due on this land and if so, how much?\"}]}","answer":"{\"ops\":[{\"attributes\":{\"color\":\"#000000\",\"background\":\"transparent\"},\"insert\":\"When he initially bought the land with the intention to build a house, zakat was not applicable to it. However, upon listing it for sale, the status of the land changed to tijara (trade goods), necessitating the payment of zakat on an annual basis. The zakat year for the land spans a full lunar year, beginning from the day it was put on the market, not from the day he decided he was going to sell it. The calculated amount to be paid is 2.5% of the market value at the end of the zakat year.\"},{\"insert\":\"\\n\\n\"}]}","tags":[{"_id":"668d9ff50b76658b4c232a40","tag":"Zakat: Al-Mal","count":57},{"_id":"67071063b825924c683fcd75","tag":"Building a House","count":1}],"createdOn":"2024-10-09T23:23:15.719Z"}