Zakah on land set aside for investment
Machine translationRead the Arabic original
Question:
The questioner, Abu Nasir from Jeddah, says: I bought a piece of land five years ago, and now I have sold it for a profit. Is there zakah on it? Knowing that I bought it for investment. May Allah reward you with good.
Answer:
Yes, every year as long as it is for investment. So every year you assess its value and pay zakah on what it is worth in that year. If you sell it in the final year, you pay zakah on the value for which you sold it, whether that amount is small or large. You pay zakah on the value by taking a quarter of a tenth from it. Yes.
The presenter:
May Allah reward you,
The questioner, Abu Nasir from Jeddah, says: I bought a piece of land five years ago, and now I have sold it for a profit. Is there zakah on it? Knowing that I bought it for investment. May Allah reward you with good.
Answer:
Yes, every year as long as it is for investment. So every year you assess its value and pay zakah on what it is worth in that year. If you sell it in the final year, you pay zakah on the value for which you sold it, whether that amount is small or large. You pay zakah on the value by taking a quarter of a tenth from it. Yes.
The presenter:
May Allah reward you,
Source
نور على الدرب - الفوزان - 02/262 — archive.org (10:09)
The Arabic text is a machine transcription of the audio recording.