Zakah on the price of land sold on installment
Machine translationRead the Arabic original
Question:
He says: I sold land on installment, or I sold land for monthly installments, two thousand riyals each month, and the buyer is committed to paying every month. Is there zakah on that money for me? Knowing that the total amount is one hundred and thirty-five thousand riyals.
Answer:
Yes. Zakah is obligatory. The debt you have with people, you pay zakah on it when a lunar year has passed over it, because it is your property and a lunar year has passed over it, unless the debtor is insolvent or delaying, and you do not know whether you will get your right from him or not? In that case, you do not pay zakah on it until you receive it. But if the debtor is wealthy or willing to pay, and a lunar year has passed over the debt, then it is obligatory for you to pay its zakah, because it is like the money you have. Yes.
The presenter:
May Allah reward you,
He says: I sold land on installment, or I sold land for monthly installments, two thousand riyals each month, and the buyer is committed to paying every month. Is there zakah on that money for me? Knowing that the total amount is one hundred and thirty-five thousand riyals.
Answer:
Yes. Zakah is obligatory. The debt you have with people, you pay zakah on it when a lunar year has passed over it, because it is your property and a lunar year has passed over it, unless the debtor is insolvent or delaying, and you do not know whether you will get your right from him or not? In that case, you do not pay zakah on it until you receive it. But if the debtor is wealthy or willing to pay, and a lunar year has passed over the debt, then it is obligatory for you to pay its zakah, because it is like the money you have. Yes.
The presenter:
May Allah reward you,
Source
فضل العلماء ومكانتـهم — alfawzan.live (1:29:00)
The Arabic text is a machine transcription of the audio recording.