The Ruling on the Zakah of Land Purchased for Investment
Machine translationRead the Arabic original
Question:
May Allah reward you. The Honorable Shaykh, he says: What is the ruling on land that is bought for investment, meaning land that is sold when land prices rise? Is zakah due on it or not? It depends on the owner's intention. If the owner intends to sell it but is not in a hurry for its price to rise,
Answer:
he must pay zakah on it every year. Whenever a year passes over it, he pays zakah on its value, i.e., its price, whether it is a little or a lot, because it has become a commodity for trade. As long as he intends to sell it, it is a commodity.
May Allah reward you. The Honorable Shaykh, he says: What is the ruling on land that is bought for investment, meaning land that is sold when land prices rise? Is zakah due on it or not? It depends on the owner's intention. If the owner intends to sell it but is not in a hurry for its price to rise,
Answer:
he must pay zakah on it every year. Whenever a year passes over it, he pays zakah on its value, i.e., its price, whether it is a little or a lot, because it has become a commodity for trade. As long as he intends to sell it, it is a commodity.
Source
زكاة أرض الاستثمار — alfawzan.live
The Arabic text is a machine transcription of the audio recording.