The Zakah on Sold Real Estate and the Time It Becomes Obligatory
Machine translationRead the Arabic original
The questioner:
We will take a call from Khalid in Riyadh. Go ahead, Khalid. Ah. Peace be upon you.
The Shaykh:
And upon you be peace.
The questioner:
Shaykh, I love you for the sake of Allah.
The presenter:
May Allah reward you with good.
The Shaykh:
May Allah love the one who loves us in Him.
The questioner:
May Allah reward you with good and have mercy on your parents. I have a piece of real estate, may you live long. I sold it last year. I did not have the intention to sell it from the beginning, but praise be to Allah, by His grace, I got a good price and sold it. So I do not know if zakah is obligatory on me, or when it becomes obligatory on me?
The Shaykh:
Yes, without a doubt, if this money reaches the nisab (minimum threshold for zakah) or more.
The questioner:
Yes, yes.
The Shaykh:
Zakah is obligatory on it, yes. If the hawl (lunar year of possession) has completed on the capital with which you bought the real estate, then zakah becomes obligatory on it, whether you sold it or not. If it is still in your possession, you appraise it at its current value and pay zakah on it. If you have sold it, you pay zakah on the value by giving one-quarter of a tenth. Yes.
The questioner:
Do I pay zakah, may you live long, until the hawl is completed?
The Shaykh:
When the hawl is completed on the capital, you pay zakah on it. If it is still in your possession, you appraise it at its value when the hawl is completed on the capital. It is on the capital, not on the land. You give one-quarter of a tenth.
The questioner:
I sold it, may you live long. May Allah reward you with good.
The Shaykh:
My brother, we told you: pay zakah on the value. My brother, pay zakah on the value.
The presenter:
Thank you. May Allah reward you.
We will take a call from Khalid in Riyadh. Go ahead, Khalid. Ah. Peace be upon you.
The Shaykh:
And upon you be peace.
The questioner:
Shaykh, I love you for the sake of Allah.
The presenter:
May Allah reward you with good.
The Shaykh:
May Allah love the one who loves us in Him.
The questioner:
May Allah reward you with good and have mercy on your parents. I have a piece of real estate, may you live long. I sold it last year. I did not have the intention to sell it from the beginning, but praise be to Allah, by His grace, I got a good price and sold it. So I do not know if zakah is obligatory on me, or when it becomes obligatory on me?
The Shaykh:
Yes, without a doubt, if this money reaches the nisab (minimum threshold for zakah) or more.
The questioner:
Yes, yes.
The Shaykh:
Zakah is obligatory on it, yes. If the hawl (lunar year of possession) has completed on the capital with which you bought the real estate, then zakah becomes obligatory on it, whether you sold it or not. If it is still in your possession, you appraise it at its current value and pay zakah on it. If you have sold it, you pay zakah on the value by giving one-quarter of a tenth. Yes.
The questioner:
Do I pay zakah, may you live long, until the hawl is completed?
The Shaykh:
When the hawl is completed on the capital, you pay zakah on it. If it is still in your possession, you appraise it at its value when the hawl is completed on the capital. It is on the capital, not on the land. You give one-quarter of a tenth.
The questioner:
I sold it, may you live long. May Allah reward you with good.
The Shaykh:
My brother, we told you: pay zakah on the value. My brother, pay zakah on the value.
The presenter:
Thank you. May Allah reward you.
Source
فتاوى على الهواء 22-04-1436هـ — af.org.sa (24:29)
The Arabic text is a machine transcription of the audio recording.