Do I pay Zakah on a property that is still under construction?

Short Answer

If you intend to sell the property as soon as it is ready, then yes. Zakah will be due on the current market value, since it resembles a product being manufactured to be sold soon.

Reason for Asking the Question

Since the property is not ready to be sold yet, the questioner wants to know if this counts as a sellable item or is exempted from Zakah.

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Shaykh Mustafa Umar