Zakah on land purchased on installment with the intention of selling it
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah reward you. I purchased a plot of land for the purpose of selling it after a period of time, and the method of purchase was on installment. Is zakah obligatory on it from the time I paid the first installment of its price, or when the full price has been paid?
Answer:
If you purchased it with the intention of selling it from the time of purchase, and you intended it and offered it for sale, it becomes merchandise. If a lunar year passes over it, you appraise it and pay zakah on it, even if you still owe installments from a long time ago, because it is merchandise offered for sale; it is therefore a type of trade goods.
Honorable Shaykh, may Allah reward you. I purchased a plot of land for the purpose of selling it after a period of time, and the method of purchase was on installment. Is zakah obligatory on it from the time I paid the first installment of its price, or when the full price has been paid?
Answer:
If you purchased it with the intention of selling it from the time of purchase, and you intended it and offered it for sale, it becomes merchandise. If a lunar year passes over it, you appraise it and pay zakah on it, even if you still owe installments from a long time ago, because it is merchandise offered for sale; it is therefore a type of trade goods.
Source
شرح قرة عيون الموحدين [11] — alfawzan.live (1:18:26)
The Arabic text is a machine transcription of the audio recording.