Zakah on Investment Land
Machine translationRead the Arabic original
The questioner:
And I ask the Shaykh, may Allah prolong your life, about zakah. I placed a sum of money with a person in investment land. I mean, do I pay zakah from the moment we start digging the land, or after we put the house up for sale?
The presenter:
Well, in
The questioner:
the zakah becomes due, I mean.
The presenter:
Well, well, is there another question? No, but thank you.
The questioner:
He asks, may Allah preserve you, that they have investment land with one of the brothers. He says: Is the zakah on this land from the beginning of the land, or from the beginning of the construction, or after the construction is finished and we invest in it? Is there zakah on the investment?
The Shaykh:
Yes, land that is prepared for sale and purchase is subject to zakah because it is among trade goods. So it is zakaed every time a year passes over it by appraising its value and paying zakah on it. And if you sell it, you pay zakah on its value by giving one-quarter of a tenth of it. Yes.
And I ask the Shaykh, may Allah prolong your life, about zakah. I placed a sum of money with a person in investment land. I mean, do I pay zakah from the moment we start digging the land, or after we put the house up for sale?
The presenter:
Well, in
The questioner:
the zakah becomes due, I mean.
The presenter:
Well, well, is there another question? No, but thank you.
The questioner:
He asks, may Allah preserve you, that they have investment land with one of the brothers. He says: Is the zakah on this land from the beginning of the land, or from the beginning of the construction, or after the construction is finished and we invest in it? Is there zakah on the investment?
The Shaykh:
Yes, land that is prepared for sale and purchase is subject to zakah because it is among trade goods. So it is zakaed every time a year passes over it by appraising its value and paying zakah on it. And if you sell it, you pay zakah on its value by giving one-quarter of a tenth of it. Yes.
Source
قناة «مؤسسة الدعوة الخيرية»، فتاوى على الهواء الشيخ الفوزان 15-07- 1438هـ. — youtube.com (15:26)
The Arabic text is a machine transcription of the audio recording.