Question Summary:
If I bought a flat as an investment with the hope that I could sell it some time in the future

Question Detail:

If I bought a flat as an investment with the hope that I could sell it some time in the future and use it to fund my children’s university studies or even their marriage do I have to include the value of the flat in my zakah calculaton? If so do I include the cost I bought it for or the current market value? If you could assist I would appreciate

Answer :

In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatoh
Zakāt will only be obligatory upon the flat if the purpose of your purchase was to re-sell the flat.
Zakāt will be obligatory upon the current value of the flat.
And Allah knows best
Wassalam
Ml. Ehzaz Ajmeri,
Student Darul Iftaa
Concurred by:
Ml. Yusuf bin Yaqub,
Student Darul Iftaa
Darul Iftaa, Madrassah In'aamiyyah