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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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Zakah on land purchased for sale after several years

Machine translationRead the Arabic original
Question:
This question states that he bought land to preserve his wealth for a period of time, and then says that after about five years have passed, he will sell it. Does he owe zakah during this period?

Answer:
Yes, as long as he intends to sell it, it is land subject to zakah, because it becomes a commodity. However, delaying the sale does not exempt it from zakah; it does not exempt it from zakah as long as it is intended for sale. In that case, it is a commodity. He takes whatever it is worth at the end of each year and pays zakah on its value in advance. Yes.
Source قناة «العلامة الدكتور صالح الفوزان»، محاضرات في العقيدة والدعوة-103-واجب المسلم تجاه الأفكار والآراء المضللة|صالح الفوزان|كبار العلماء — youtube.com (46:47)

The Arabic text is a machine transcription of the audio recording.

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