A:
A person who purchases land or is granted it as a gift then intends to prepare it (Part No. 9; Page No. 340) for trading purposes is required to pay a 2.5% share of Zakah provided that a full lunar year has passed and that the land's value is estimated at the time when Zakah becomes due. However, if the land is purchased for lodging purposes, no Zakah is due on it unless there is intention to use it for trading purposes in the future. In this case Zakah becomes due after a full lunar year has elapsed from the time the intention is made. If the land is purchased to be used for renting, Zakah becomes due on the rent if it reaches the prescribed Nisab (the minimum amount on which Zakah is due) and a full lunar year has elapsed.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.