The Ruling on the Zakah of Land Held for Investment
Machine translationRead the Arabic original
Question:
Honorable Shaykh, the questioner says: I have two plots of land. One is for me to build a house on that I will live in, while the other I bought either to help its value in building my house or to preserve my money. Is there zakah on the second plot, even though I have not put it up for sale?
Answer:
The one who does not intend to sell it has no zakah on it. The one who intends it for real estate and to keep it, intending to sell it, has no zakah on it, unless he rents it out, in which case zakah becomes obligatory on the rent. As for if he keeps it and does not rent it out and does not intend to sell it, there is no zakah on it, because zakah is only in trade goods and growing wealth. Yes.
Honorable Shaykh, the questioner says: I have two plots of land. One is for me to build a house on that I will live in, while the other I bought either to help its value in building my house or to preserve my money. Is there zakah on the second plot, even though I have not put it up for sale?
Answer:
The one who does not intend to sell it has no zakah on it. The one who intends it for real estate and to keep it, intending to sell it, has no zakah on it, unless he rents it out, in which case zakah becomes obligatory on the rent. As for if he keeps it and does not rent it out and does not intend to sell it, there is no zakah on it, because zakah is only in trade goods and growing wealth. Yes.
Source
زكاة الأرض المشتراة بنية حفظ المال أو للاستفادة من قيمتها في بناء منزل — alfawzan.live
The Arabic text is a machine transcription of the audio recording.