The ruling on the zakah of money invested in construction
Machine translationRead the Arabic original
Question:
Honorable Shaykh, I partnered with a group of young men with a sum of money to build apartments and then sell them, and this takes two years. The question is: how do I pay the zakah on this money in which I have a share? The money has gone into the buildings, so there is no zakah at the moment, until we need the buildings when they are ready.
Answer:
If they are put up for sale, the lunar year for the zakah begins from when they are put up for sale after the completion of their construction. The lunar year for the zakah begins from the completion of their construction and their being put up for sale. As for while they are under construction, there is nothing due on them.
Honorable Shaykh, I partnered with a group of young men with a sum of money to build apartments and then sell them, and this takes two years. The question is: how do I pay the zakah on this money in which I have a share? The money has gone into the buildings, so there is no zakah at the moment, until we need the buildings when they are ready.
Answer:
If they are put up for sale, the lunar year for the zakah begins from when they are put up for sale after the completion of their construction. The lunar year for the zakah begins from the completion of their construction and their being put up for sale. As for while they are under construction, there is nothing due on them.
Source
زكاة المال الذي خصص للبناء — alfawzan.live
The Arabic text is a machine transcription of the audio recording.