I bought a piece of land eight years ago for the purpose of trade. Is zakah due on it, and what is the amount?
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Question:
May Allah reward you. This is also a question related to zakah. The questioner says: I bought a piece of land eight years ago for the purpose of trade. Is zakah due on it? And what is the amount?
Answer:
There is no doubt that zakah is due on it for every year that passes, because it is a commodity; it is a trade good intended for sale. The method of zakah is that he asks about its value in each year. He appraises it every year at what it is worth, because its price rises and falls. He appraises it every year at what it is worth in that year, or at this time, and he pays out one-quarter of a tenth of its appraised value. Yes.
May Allah reward you. This is also a question related to zakah. The questioner says: I bought a piece of land eight years ago for the purpose of trade. Is zakah due on it? And what is the amount?
Answer:
There is no doubt that zakah is due on it for every year that passes, because it is a commodity; it is a trade good intended for sale. The method of zakah is that he asks about its value in each year. He appraises it every year at what it is worth, because its price rises and falls. He appraises it every year at what it is worth in that year, or at this time, and he pays out one-quarter of a tenth of its appraised value. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 32 - 55 اشتريت قطعة أرض منذ ثمان سنوات بغرض التجارة فهل عليها زكاة وما مقدارها؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.