Zakah on lands that a person buys with the intention of holding them as wealth
Machine translationRead the Arabic original
Question:
He says: I hope Your Eminence the Shaykh will provide a detailed explanation regarding the lands that a person buys with the intention of holding them as wealth. Are they all subject to zakah, or is some of it subject to zakah and some not?
Answer:
If his intention is to trade in them by selling them, then they take the ruling of commercial goods. He appraises them at the end of the lunar year and pays zakah on them if the lunar year has completed, based on the value for which he bought them. He appraises them and pays zakah on their appraised value. If he sells them before the completion of the lunar year, he pays zakah on their value when the lunar year is completed. If the value remains with him until the lunar year is completed, he pays zakah on the value.
As for if his intention with the lands or the buildings is to rent them out, he rents them out and pays zakah on their rent. If he bought them or built them intending to rent them out, there is no zakah on their principal, but their rents are subject to zakah. As for if he acquires them as real estate, not intending to sell them or rent them out, but only wanting to keep them so that their value continues for him, then there is no zakah on these. Yes.
The presenter:
May Allah reward you,
He says: I hope Your Eminence the Shaykh will provide a detailed explanation regarding the lands that a person buys with the intention of holding them as wealth. Are they all subject to zakah, or is some of it subject to zakah and some not?
Answer:
If his intention is to trade in them by selling them, then they take the ruling of commercial goods. He appraises them at the end of the lunar year and pays zakah on them if the lunar year has completed, based on the value for which he bought them. He appraises them and pays zakah on their appraised value. If he sells them before the completion of the lunar year, he pays zakah on their value when the lunar year is completed. If the value remains with him until the lunar year is completed, he pays zakah on the value.
As for if his intention with the lands or the buildings is to rent them out, he rents them out and pays zakah on their rent. If he bought them or built them intending to rent them out, there is no zakah on their principal, but their rents are subject to zakah. As for if he acquires them as real estate, not intending to sell them or rent them out, but only wanting to keep them so that their value continues for him, then there is no zakah on these. Yes.
The presenter:
May Allah reward you,
Source
لقاء مفتوح [الزلفي] — alfawzan.live (45:27)
The Arabic text is a machine transcription of the audio recording.