A residential property is kept for living in, and high market value alone does not make its capital value zakatable under this rule.
Property held for sale as trading inventory falls under a different category. The intended use—residence or trade—must be distinguished to reach the correct classification.
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The Book of Zakat: Obligation, Liability Conditions and Intention
A residential property is kept for living in, and high market value alone does not make its capital value zakatable under this rule.
Property held for sale as trading inventory falls under a different category. The intended use—residence or trade—must be distinguished to reach the correct classification.