Zakah on land purchased on installment
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. A man bought a piece of land on installment, paying annual installments for three years, with the value of each installment exceeding the nisab. Then he took possession of it and continued paying installments for another seven years. He sold it at the end of the installments, that is, after ten years. Does it have zakah, and how is its zakah calculated during that period?
Answer:
If it is prepared for sale, it is merchandise. When he intended to sell it, it became merchandise. He appraises it every year and pays the zakah. Even if he still owes part of its value, this does not prevent the existence of zakah on it, because it is merchandise prepared for sale. A year passes over it, it reaches the threshold, and it is subject to zakah.
He says: Honorable Shaykh, may Allah grant you success. A man bought a piece of land on installment, paying annual installments for three years, with the value of each installment exceeding the nisab. Then he took possession of it and continued paying installments for another seven years. He sold it at the end of the installments, that is, after ten years. Does it have zakah, and how is its zakah calculated during that period?
Answer:
If it is prepared for sale, it is merchandise. When he intended to sell it, it became merchandise. He appraises it every year and pays the zakah. Even if he still owes part of its value, this does not prevent the existence of zakah on it, because it is merchandise prepared for sale. A year passes over it, it reaches the threshold, and it is subject to zakah.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/50 شرح زاد المستقنع/ صالح الفوزان — youtube.com (19:47)
The Arabic text is a machine transcription of the audio recording.