16 Muharram 1441

I recieved inheritance in 2015, i paid zakat on that, i invested that in builing houses for selling, i paid zakat in 2016/17 also, but in 2018 i didnt had any cash-as all my money was invested in houses, do i need to pay zakat for last 2 years or should i pay this year only. explain in detail.

By Admin
In Zakat
May 9th, 2019
0 Comments
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ANSWER:

Yes, as this investment is intended to sell and make profit, you must pay the zakat of these past two years by estimating how much the property was worth in the 1st year and then in the 2nd year and then you pay zakat accordingly. 

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