Dr. Monzer Kahf, a prominent economist and counselor, states the following: “The land as an asset may sometimes be subject to Zakah. The non-disputed case in this regard is when the land is acquired for the purpose of selling it later to make profit. A land obtained for this purpose is subject to Zakah every lunar year since it is considered a kind of “trade inventory. If this land is qualified as subject to Zakah, one needs to pay its Zakah on yearly basis but if the land is sold during the lunar year (i.e., after paying the Zakah of the previous year and the due date is still away) and the money is used for any reason such as paying debts, and on the coming due date the total Zakatable items is less than the amount of Nisab (# equals to US$ 1000) one will not be subject to Zakah in the coming year.”