The Ruling on the Zakah of Owned Real Estate
Machine translationRead the Arabic original
Question:
May Allah reward you. We move on to another questioner who says: I own a piece of real estate and I have not intended to sell it with a firm intention. Is there zakah on it?
Answer:
Yes, there is zakah on it if you intend to sell it. As for if you do not intend to sell it and intend for it to remain real estate for you, then if you derive income from it, you pay zakah on that income. Otherwise, the default is that there is no zakah on it, except if you intend it for sale. Yes.
The presenter:
May Allah reward you
May Allah reward you. We move on to another questioner who says: I own a piece of real estate and I have not intended to sell it with a firm intention. Is there zakah on it?
Answer:
Yes, there is zakah on it if you intend to sell it. As for if you do not intend to sell it and intend for it to remain real estate for you, then if you derive income from it, you pay zakah on that income. Otherwise, the default is that there is no zakah on it, except if you intend it for sale. Yes.
The presenter:
May Allah reward you
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (209) لمعالي الشيخ صالح الفوزان بتاريخ [1441-07-11] - كبار العلماء — youtube.com (17:02)
The Arabic text is a machine transcription of the audio recording.