Zakah on land purchased for investment
Machine translationRead the Arabic original
The Shaykh:
May Allah keep you safe.
The questioner:
Shaykh, I have a piece of land that I bought, and I am holding it for sale. It is an investment, not for residence or anything else. I will sell it when I need to. Is there zakah on it?
The Shaykh:
If you intend to sell it, then there is zakah on it. If a year has passed and you are intending to sell it, then there is zakah on it. If you do not intend to sell it, but rather you want to keep it as real estate and you want to build a residence on it or use it for investment, then there is no zakah on it. However, if you rent it out, you must pay zakah on the rent.
May Allah keep you safe.
The questioner:
Shaykh, I have a piece of land that I bought, and I am holding it for sale. It is an investment, not for residence or anything else. I will sell it when I need to. Is there zakah on it?
The Shaykh:
If you intend to sell it, then there is zakah on it. If a year has passed and you are intending to sell it, then there is zakah on it. If you do not intend to sell it, but rather you want to keep it as real estate and you want to build a residence on it or use it for investment, then there is no zakah on it. However, if you rent it out, you must pay zakah on the rent.
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (103) لمعالي الشيخ صالح الفوزان بتاريخ [1436-10-24] - كبار العلماء — youtube.com (32:57)
The Arabic text is a machine transcription of the audio recording.