The Ruling on the Zakah of Land Held for Investment
Machine translationRead the Arabic original
Question:
The questioner says: “We agreed with my brothers to buy a piece of land, and we paid for it. Our intention was to build on it or sell it if a good price came up. It has now been five years since we bought it. Is there zakah on it? And if there is zakah on it, do I pay zakah for the five years?”
Answer:
If you were undecided about selling it, there is no zakah on it, unless you resolved to sell it. In that case, the lunar year (hawl) for it begins from the time you resolved to sell it until a full year has passed, and then you pay zakah on it. If you sold it, you pay zakah on its value.
The questioner says: “We agreed with my brothers to buy a piece of land, and we paid for it. Our intention was to build on it or sell it if a good price came up. It has now been five years since we bought it. Is there zakah on it? And if there is zakah on it, do I pay zakah for the five years?”
Answer:
If you were undecided about selling it, there is no zakah on it, unless you resolved to sell it. In that case, the lunar year (hawl) for it begins from the time you resolved to sell it until a full year has passed, and then you pay zakah on it. If you sold it, you pay zakah on its value.
Source
لقاء مفتوح بالطائف 17-07-1435هـ — alfawzan.live (14:59)
The Arabic text is a machine transcription of the audio recording.