installments … plot… zakat

Q: dear
i got a land on installments. i paid a amount initially and remaining amount in quarterly installments. How i should calculate my zakat on it. it is plot.

Time: Friday December 18, 2009 at 3:09 pm

A: If this plot is for investment, then zakat would become applicable once it is fully paid off.

Allah Certainly Knows Best.

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