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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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Real estate contributions that have not been sold and whose rights have not been distributed to the contributors: does zakah come out of them?

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Question:
He says: Honorable Shaykh, may Allah grant you success. The owners of the real estate contributions have taken a lot of money from people over the years, and up to now they have not sold it, nor have they given people their rights. When we ask them, they say that no one is buying the real estate now because of the competition from stocks. Our question is: do we pay zakah on our money with them, or do we consider it as being with those who are unable to pay or those who are delaying, and we pay zakah on it after receiving it for one year? These real estate contributions

Answer:
There is no fear for them; because the real estate exists, the real estate exists, and it is shared. If the one in charge of the real estate company pays the zakah on behalf of everyone, paying the zakah as their agent, then that suffices; because he is their agent. But if he does not pay it for them, then each person pays zakah on his share when the lunar year is complete.
Source قناة «العلامة الدكتور صالح الفوزان»، [617 -2802] المساهمات العقارية التي لم تباع ولم توزع حقوقها على المساهمين، هل يخرج عنها الزكاة؟ — youtube.com

The Arabic text is a machine transcription of the audio recording.

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