What is the ruling on zakah for goods purchased with the intention of selling them?
Machine translationRead the Arabic original
Question:
The questioner says: I bought a piece of land with the intention of selling it in the future, and out of a desire to preserve the value of the money and because of the high price of land. Do I have to pay its zakah every year, or only when I sell it, even if that is after many years?
Answer:
If you bought it with the intention of trade, seeking profit, and you are holding it for sale, so that whenever you get a price you are satisfied with, you sell it, then this is a commodity, one of the goods for sale. You must appraise it every year, every year you assess it at its value and pay its zakah. Yes.
The questioner says: I bought a piece of land with the intention of selling it in the future, and out of a desire to preserve the value of the money and because of the high price of land. Do I have to pay its zakah every year, or only when I sell it, even if that is after many years?
Answer:
If you bought it with the intention of trade, seeking profit, and you are holding it for sale, so that whenever you get a price you are satisfied with, you sell it, then this is a commodity, one of the goods for sale. You must appraise it every year, every year you assess it at its value and pay its zakah. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم الزكاة في السلع المشتراة بنية البيع؟ للشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.