I want to know if zakah is applicable on real estate i.e. open plots given the current scenario most of the properties are unsalable. One option is to pay zakah at the time a property is sold.
Zakah is applicable on every asset that is considered wealth. Plots which are not in personal use and which are not for building personal home are zakated. On such items as plots we pay zakah from our amount in personal possession. If however, it is not possible for you then you may defer the due amount for future but there is a risk in doing so. We may not be able to discharge the duty in future.