The zakah on wealth if it is used to purchase land before the lunar year has passed
Machine translationRead the Arabic original
Question:
The questioner says: I have money that has reached the nisab (minimum threshold for zakah), but the hawl (lunar year of possession) has not yet passed. He says: If I buy a piece of land with it before the hawl is completed, is there zakah on it?
Answer:
If you intend to sell the land, it has transformed from currency into trade goods, and the zakah remains due on it. Instead of paying zakah on money, you pay zakah on trade goods. However, if your intention with the land is to own it, and you do not intend to sell it, but rather intend it as a property for yourself, and you bought it with money before the hawl was completed, then there is no zakah on it.
The questioner says: I have money that has reached the nisab (minimum threshold for zakah), but the hawl (lunar year of possession) has not yet passed. He says: If I buy a piece of land with it before the hawl is completed, is there zakah on it?
Answer:
If you intend to sell the land, it has transformed from currency into trade goods, and the zakah remains due on it. Instead of paying zakah on money, you pay zakah on trade goods. However, if your intention with the land is to own it, and you do not intend to sell it, but rather intend it as a property for yourself, and you bought it with money before the hawl was completed, then there is no zakah on it.
Source
لقاء رمضان 08-09-1436هـ — alfawzan.live (26:34)
The Arabic text is a machine transcription of the audio recording.