The Zakah on Commercial Lands and Its Criterion
Machine translationRead the Arabic original
Question:
The questioner, Fahd, says: He has commercial lands that he has not prepared for sale. Some people say, “Shaykh, there is zakah on them,” while others say there is no zakah on them. What is the criterion for these lands if they are for sale and if they are for rental to tenants?
Answer:
If it is for residence or for renting out, there is no zakah on it, except if he rents it out, in which case he pays zakah on the rent. As for if it is for residence only, there is no zakah on it. But if he intends to sell it, it becomes a commercial commodity that falls under trade goods. He values it at the end of every lunar year at its worth, then he pays zakah on it by giving one-quarter of a tenth of its estimated value. Yes.
The presenter:
May Allah reward you and bless you,
The questioner, Fahd, says: He has commercial lands that he has not prepared for sale. Some people say, “Shaykh, there is zakah on them,” while others say there is no zakah on them. What is the criterion for these lands if they are for sale and if they are for rental to tenants?
Answer:
If it is for residence or for renting out, there is no zakah on it, except if he rents it out, in which case he pays zakah on the rent. As for if it is for residence only, there is no zakah on it. But if he intends to sell it, it becomes a commercial commodity that falls under trade goods. He values it at the end of every lunar year at its worth, then he pays zakah on it by giving one-quarter of a tenth of its estimated value. Yes.
The presenter:
May Allah reward you and bless you,
Source
نور على الدرب - الفوزان - 03/146 — archive.org (9:58)
The Arabic text is a machine transcription of the audio recording.