Zakah on land for trade purchased with a loan
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. A questioner says: I bought land for the purpose of trade. Half of the amount was from my own funds, and the rest was borrowed. How do I pay the zakah? Do I pay it on the entire land?
Answer:
Yes. If you intend to sell it, and a lunar year has passed, you pay zakah on its value. However, if you intend to keep it as real estate or for residence, there is no zakah on it. Yes.
Honorable Shaykh, may Allah grant you success. A questioner says: I bought land for the purpose of trade. Half of the amount was from my own funds, and the rest was borrowed. How do I pay the zakah? Do I pay it on the entire land?
Answer:
Yes. If you intend to sell it, and a lunar year has passed, you pay zakah on its value. However, if you intend to keep it as real estate or for residence, there is no zakah on it. Yes.
Source
المنتقى من أخبار سيد المرسلين-15-03-1439هـ — af.org.sa (55:49)
The Arabic text is a machine transcription of the audio recording.