How is zakah calculated on land sold on installment?
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Question:
May Allah reward you. Honorable Shaykh, he says: How is zakah paid on land that is sold on installments? Is it paid when the installments are finished, or when?
Answer:
If a person sells land, or anything else, or a car, or anything for a price paid in installments, then whenever a lunar year has passed since the contract, he pays zakah on the price for which he sold it, even if it is on deferred installments. Whenever a year has passed from the time of the contract, the year begins from the contract. So when twelve months have passed since the contract, he pays zakah on the installments he has received and what remains in the debtor's obligation. And when the second year arrives, likewise, he pays zakah on what he has received and what remains in the debtor's obligation, and so on. Yes.
May Allah reward you. Honorable Shaykh, he says: How is zakah paid on land that is sold on installments? Is it paid when the installments are finished, or when?
Answer:
If a person sells land, or anything else, or a car, or anything for a price paid in installments, then whenever a lunar year has passed since the contract, he pays zakah on the price for which he sold it, even if it is on deferred installments. Whenever a year has passed from the time of the contract, the year begins from the contract. So when twelve months have passed since the contract, he pays zakah on the installments he has received and what remains in the debtor's obligation. And when the second year arrives, likewise, he pays zakah on what he has received and what remains in the debtor's obligation, and so on. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، كيف تُزكى الأراضي التي تُباع بالتقسيط؟ لمعالي الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.