Zakah on money invested in the construction of buildings
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. He says: I borrowed one hundred thousand riyals from my brother, and I took one hundred thousand from my own funds, then I partnered with a person to build and sell buildings. His question is: Do I pay zakah on it before the profits are realized, or after the profits exist?
Answer:
If a year has passed since the house or building was completed, and you are offering it for sale, you assess it at its market value and pay zakah on it by giving one-fourth of one-tenth. Yes.
Honorable Shaykh, may Allah grant you success. He says: I borrowed one hundred thousand riyals from my brother, and I took one hundred thousand from my own funds, then I partnered with a person to build and sell buildings. His question is: Do I pay zakah on it before the profits are realized, or after the profits exist?
Answer:
If a year has passed since the house or building was completed, and you are offering it for sale, you assess it at its market value and pay zakah on it by giving one-fourth of one-tenth. Yes.
Source
المنتقى من أخبار سيد المرسلين 25-05-1434هـ — alfawzan.live (1:08:34)
The Arabic text is a machine transcription of the audio recording.