my question is:I have a land which i initially bought Four years ago with the intent to developed/built a house on it. Later I changed my mine to sell it so that I can meet up some of my needs. The amount of the land is upto nisab zakkat. Though the gain made is not much, less that the nisab. Do I have to calculate and pay zakat from the proceed?
Jul 8th, 2016
If you intended to sell it and sold it and had spent the money in less
than one year since intending tinsel it, there is no zakat.