The Ruling on Zakah in Land Purchased with a Loan from the Real Estate Fund
Machine translationRead the Arabic original
Question:
The questioner says: I bought a piece of land with a loan from the Real Estate Fund for the purpose of trade. What is the ruling on the zakah of this land?
Answer:
I do not know how you take from the Real Estate Fund. And, I mean, this fund is of two types: an investment fund and a construction fund. The construction fund lends to those who cannot afford to build; they take a loan to build their homes. This is one type. The second type is the investment fund, from which the rich and others take. Yes, the investment fund is subject to zakah, because it is trade. Zakah becomes obligatory on it from the moment you take it from the state; that is, the lunar year begins from the time you take it from the state.
The questioner says: I bought a piece of land with a loan from the Real Estate Fund for the purpose of trade. What is the ruling on the zakah of this land?
Answer:
I do not know how you take from the Real Estate Fund. And, I mean, this fund is of two types: an investment fund and a construction fund. The construction fund lends to those who cannot afford to build; they take a loan to build their homes. This is one type. The second type is the investment fund, from which the rich and others take. Yes, the investment fund is subject to zakah, because it is trade. Zakah becomes obligatory on it from the moment you take it from the state; that is, the lunar year begins from the time you take it from the state.
Source
زكاة الأرض المشتراة بقرض من الصندوق العقاري بغرض التجارة — alfawzan.live
The Arabic text is a machine transcription of the audio recording.