Zakat on Property Develooments


Quick question, if we invest in something like Godwin where the money is illiquid 2 years and obviously carries a risk, do we need to pay zakat annually on the original investment?

Jazakallah Khair

Assalaamu alaykum, if the property materials or existing property is purchased with an intention to develop and sell, then there would be Zakat on the investment capital.

walaykumsalam shaykh,

jazakallah khair for your prompt answer.