Displaying his car for sale and it remained unsold for a full year, is there zakah on it?

The questioner : Now, what do you say about a man who has a car and bought a new one, and the first one remained with him; he displayed it for sale and it remained for a full year without being sold. Is there zakah on it?

The Shaykh : No, there is no zakah on it, because it has not been traded, because he did not trade with it. I did not intend to sell it for trade, but I intended to sell it because I am in no need of it. So it is not trade goods. Now, a man bought land to build a house on it.

The questioner : Is it trade goods or not? My question is: a man bought land to build a house on it. Is it trade or not?

The Shaykh : No. Now, he bought a house and then displayed this land for sale because he has no need for it, and it remained for a full year without being sold.

The questioner : Then it was sold.

The Shaykh : So is it trade goods or not trade goods? Not trade goods, not trade goods. There is no zakah on it, but there is zakah on its value if it remains with him for a full year, otherwise there is none. This is a matter that is hidden from many people, even from some students of knowledge. Some people think that everything prepared for sale is trade goods, and that is not the case. What is prepared for trade is trade goods, but what is prepared for sale because a person is in no need of it is not trade goods. If this land remained for ten years without being sold, and you do not want it, you want to sell it but it was not sold, is there zakah on it? No.