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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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The Ruling on Buying Land for Diamond Mining

Machine translationRead the Arabic original
Question:
What is the ruling on the land that its owner bought for the purpose of mining diamonds?

Answer:
There is nothing wrong with that. If he intends it for real estate, construction, or residence, there is nothing wrong with it. However, if he bought it and intended it for profit, wanting to sell it when its price rises, then it is commercial, and zakah is due on it because it has become a commodity among commodities. Yes.
Source زكاة الأرض المشتراة من أجل حفظ المال — alfawzan.live

The Arabic text is a machine transcription of the audio recording.

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