Zakah on land prepared for construction
Machine translationRead the Arabic original
Question:
This questioner is also asking about zakah. Muhammad Hashim says: I bought a piece of land about a year ago, and it is prepared for construction, but I have not paid zakah on it to this day. Is zakah due on it? Knowing that I have offered it as collateral for a loan from the real estate bank,
Answer:
if you do not intend to sell it, but rather want to build on it, there is no zakah on it. Yes.
This questioner is also asking about zakah. Muhammad Hashim says: I bought a piece of land about a year ago, and it is prepared for construction, but I have not paid zakah on it to this day. Is zakah due on it? Knowing that I have offered it as collateral for a loan from the real estate bank,
Answer:
if you do not intend to sell it, but rather want to build on it, there is no zakah on it. Yes.
Source
نور على الدرب - الفوزان - 03/210 — archive.org (7:21)
The Arabic text is a machine transcription of the audio recording.