Zakah on money invested in land
Machine translationRead the Arabic original
Question:
May Allah reward you, Honorable Shaykh. This questioner says: I invested in a piece of land, and the amount of the investment was one hundred thousand riyals. To this day, the land has not been put up for sale in the three years that have passed. The question is: Do I owe zakah on this amount?
Answer:
Yes, as long as the land is accepted for sale and the aim is to make a profit, then in every year that passes, you find the shares in it. If it is shared, then everyone who has a share in it pays zakah on his portion. This is done by appraising the land at its desired value when the lunar year is completed, and each person pays zakah on the value of his share based on that appraised value. Because as long as it is offered for sale, it is trade goods, just like merchandise offered for sale. Yes.
May Allah reward you, Honorable Shaykh. This questioner says: I invested in a piece of land, and the amount of the investment was one hundred thousand riyals. To this day, the land has not been put up for sale in the three years that have passed. The question is: Do I owe zakah on this amount?
Answer:
Yes, as long as the land is accepted for sale and the aim is to make a profit, then in every year that passes, you find the shares in it. If it is shared, then everyone who has a share in it pays zakah on his portion. This is done by appraising the land at its desired value when the lunar year is completed, and each person pays zakah on the value of his share based on that appraised value. Because as long as it is offered for sale, it is trade goods, just like merchandise offered for sale. Yes.
Source
زكاة الأرض المعدة للتجارة — alfawzan.live
The Arabic text is a machine transcription of the audio recording.