sachin4islam
Junior Member
Assalamu Alaikum:
Hope my Islamic Br's and Sis's are in best of health and Imaan.
I have question regarding Jakat.
I bought a property ( Piece of a Land ) with the motto to resell it when the market picks up. Unfortunately,the market didn't bounce to my expectations. Presently I am holding the property. How will be the Jakat calculate on this stagnant property.?
Will I have to annually pay the Jakat until I hold the property or once at the time of resell of the property.?
Please place the answer ( Or Fatwa ) linked to authentic sources.
Regards.
Hope my Islamic Br's and Sis's are in best of health and Imaan.
I have question regarding Jakat.
I bought a property ( Piece of a Land ) with the motto to resell it when the market picks up. Unfortunately,the market didn't bounce to my expectations. Presently I am holding the property. How will be the Jakat calculate on this stagnant property.?
Will I have to annually pay the Jakat until I hold the property or once at the time of resell of the property.?
Please place the answer ( Or Fatwa ) linked to authentic sources.
Regards.