The Zakah of Land Held for Trade and the Hawl of Currency
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, this is Salim. He says: A person bought a piece of land
The Shaykh:
Yes.
The questioner:
and then sold it before the hawl (a lunar year of possession) had passed, then bought another piece and sold it before the hawl, and did this several times. Then he invested in a shareholding several months ago. The question is about this shareholding: does the hawl start from the first piece of land, or is it added to that, or does it start anew?
The Shaykh:
The lunar year is for the money, not for the land. The land is a commodity, trade goods. The lunar year is for the money. So, when the lunar year completes for the money he uses to buy and sell, he pays zakah on it along with its profits. Did you understand? We ask Allah for well-being. Yes.
The presenter:
May Allah reward you
Honorable Shaykh, this is Salim. He says: A person bought a piece of land
The Shaykh:
Yes.
The questioner:
and then sold it before the hawl (a lunar year of possession) had passed, then bought another piece and sold it before the hawl, and did this several times. Then he invested in a shareholding several months ago. The question is about this shareholding: does the hawl start from the first piece of land, or is it added to that, or does it start anew?
The Shaykh:
The lunar year is for the money, not for the land. The land is a commodity, trade goods. The lunar year is for the money. So, when the lunar year completes for the money he uses to buy and sell, he pays zakah on it along with its profits. Did you understand? We ask Allah for well-being. Yes.
The presenter:
May Allah reward you
Source
75-اللقاء الأسبوعي مع الشيخ صالح الفوزان - 24 — archive.org (1:04:45)
The Arabic text is a machine transcription of the audio recording.