Zakah on land purchased for investment
Machine translationRead the Arabic original
Question:
Honorable Shaykh, a questioner asks: Is there zakah on land that is bought for investment, meaning land that is sold when land prices rise, or not?
Answer:
It depends on the owner's intention. If the owner intends to sell it, but is not in a hurry for its price to rise, he pays zakah on it every year. Whenever a year has passed over it, he pays zakah on its value. He appraises it at what it is worth and pays zakah on it, whether the amount is small or large, because it has become a trade commodity. As long as he intends to sell it, it is a commodity.
The presenter:
May Allah reward you,
Honorable Shaykh, a questioner asks: Is there zakah on land that is bought for investment, meaning land that is sold when land prices rise, or not?
Answer:
It depends on the owner's intention. If the owner intends to sell it, but is not in a hurry for its price to rise, he pays zakah on it every year. Whenever a year has passed over it, he pays zakah on its value. He appraises it at what it is worth and pays zakah on it, whether the amount is small or large, because it has become a trade commodity. As long as he intends to sell it, it is a commodity.
The presenter:
May Allah reward you,
Source
75-اللقاء الأسبوعي مع الشيخ صالح الفوزان - 14 — archive.org (52:57)
The Arabic text is a machine transcription of the audio recording.