The Zakah of Institutional Funds and Land Not Prepared for Sale
Machine translationRead the Arabic original
The questioner:
He says: Honorable Shaykh, I have an institution and I do not know how to pay the zakah on its output. Whenever I receive a sum, I use it to renew the institution, buy other cars, and sell the old ones, and so on. The money does not remain in my hand as cash for which a right is due. Also, I have land that was not originally intended for sale, but now, given the existence of the land, I have no objection to selling it. Is there any zakah due on it?
The Shaykh:
Zakah becomes obligatory on wealth when a lunar year has passed over it. As for if you spend it before the completion of the lunar year, spending it after you received it but before the year is complete, then there is no zakah in it. Yes.
The questioner:
And the land, is the person concerned? He says: I have land that was not originally prepared for sale, but given the presence of the land, I have no objection to selling it.
The Shaykh:
If they are not sold, there is no zakah on them. Zakah is due on trade goods prepared for sale. Yes.
He says: Honorable Shaykh, I have an institution and I do not know how to pay the zakah on its output. Whenever I receive a sum, I use it to renew the institution, buy other cars, and sell the old ones, and so on. The money does not remain in my hand as cash for which a right is due. Also, I have land that was not originally intended for sale, but now, given the existence of the land, I have no objection to selling it. Is there any zakah due on it?
The Shaykh:
Zakah becomes obligatory on wealth when a lunar year has passed over it. As for if you spend it before the completion of the lunar year, spending it after you received it but before the year is complete, then there is no zakah in it. Yes.
The questioner:
And the land, is the person concerned? He says: I have land that was not originally prepared for sale, but given the presence of the land, I have no objection to selling it.
The Shaykh:
If they are not sold, there is no zakah on them. Zakah is due on trade goods prepared for sale. Yes.
Source
لقاء الجمعة الطائف-16-11-1440 — alfawzan.live (20:16)
The Arabic text is a machine transcription of the audio recording.