Please advise on the following:
I had purchased lands long time back in order to keep it as saving with no intention to sell unless fall short of money. Is there zakat on it and how much?
If I had purchased land with the above intention and after 15 years sell it as the prices had gone very high. What zakat will be paid?
If several lands are purchased for the purposes of trading. Then zakat is payable on the land value or the profit? and how much.
Your kind answer shall be appreciated. regards RR