Question 44: A man bought a piece of land – where a house can be built – seven years ago near a city, hoping that one day someone will buy it. The land’s value is its price plus a small profit. Is there any Zakaah (obligatory charity) due on its value? Should Zakaah be paid before or after receiving its price? Also, should the Zakaah be paid for one lunar year or for all the past lunar years?
Answer: This land is a commercial commodity whose Zakaah becomes payable when a full lunar year has passed… read more here.