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[quote][quote]for the land which i have bought as an investment for my child education/marriage etc i have to pay zakat at the time i sell it and pay 10% of the amount considering it as industrial produce or should i pay 2.5% of it current market value every year ?[/quote]Zakat is due on this land 2.5% per annum. To pay it you may have TWO options: Pay the whole Amount of Zakat at the time of sale OR pay the annual amount in 12 or more equal/unequal instalments.[/quote]
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