The Time for Paying the Zakah on a House Purchased for Trade on Credit
Machine translationRead the Arabic original
Question:
A questioner says: A man borrowed money to buy a house for the purpose of trade, and he is still paying off the installments. When does he have to pay the zakah on the house? A man borrowed money to buy a house for the purpose of trade, and he is still paying off the installments. When does he have to pay the zakah on the house?
Answer:
If he owns a house and intends it for trade, intending to sell it, the lunar year begins from the intention to sell. So if a year passes from the time he intended to sell the house, he must appraise it at its equivalent value and pay its zakah, even if he has a debt. A debt does not prevent the payment of zakah, according to the correct opinion. Yes.
A questioner says: A man borrowed money to buy a house for the purpose of trade, and he is still paying off the installments. When does he have to pay the zakah on the house? A man borrowed money to buy a house for the purpose of trade, and he is still paying off the installments. When does he have to pay the zakah on the house?
Answer:
If he owns a house and intends it for trade, intending to sell it, the lunar year begins from the intention to sell. So if a year passes from the time he intended to sell the house, he must appraise it at its equivalent value and pay its zakah, even if he has a debt. A debt does not prevent the payment of zakah, according to the correct opinion. Yes.
Source
75-لقاءات مع الشيخ صالح الفوزان - 06--21-11-1432 — archive.org (50:25)
The Arabic text is a machine transcription of the audio recording.