Zakah on land for trade that was bought for a certain amount and sold for less
Machine translationRead the Arabic original
Question:
He says: May Allah preserve you, a man bought a piece of land for a sum he estimated at ten thousand riyals, and he intends to sell it for five thousand riyals. A lunar year has passed over it. How much is the zakah on it?
Answer:
He values it at what it is worth, based on his intention, not at what it is worth in the market. He asks real estate agents, "What is this land worth?" If they say it is worth such and such, he pays zakah on it by giving out one-quarter of one-tenth. Yes.
He says: May Allah preserve you, a man bought a piece of land for a sum he estimated at ten thousand riyals, and he intends to sell it for five thousand riyals. A lunar year has passed over it. How much is the zakah on it?
Answer:
He values it at what it is worth, based on his intention, not at what it is worth in the market. He asks real estate agents, "What is this land worth?" If they say it is worth such and such, he pays zakah on it by giving out one-quarter of one-tenth. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، محاضرات في العقيدة والدعوة-60-أسباب محبة الله للعبد|صالح الفوزان|العام|كبار العلماء — youtube.com (1:16:25)
The Arabic text is a machine transcription of the audio recording.