Zakah on land purchased for investment and then sold
Machine translationRead the Arabic original
Question:
Abu Juna from Riyadh says: I bought a piece of land five years ago, and now I have sold it for a large profit. Is there zakah on it, given that I bought it for investment?
Answer:
Yes, since you bought it for investment, it is a commodity. A commodity is among trade goods. If a lunar year has passed over it while you intend to trade it, you must pay zakah on it. If you sell it before the completion of the lunar year and the price remains with you until the lunar year is completed, you must pay zakah on the price to give one-tenth of a quarter. Yes.
The presenter:
May Allah reward you.
Abu Juna from Riyadh says: I bought a piece of land five years ago, and now I have sold it for a large profit. Is there zakah on it, given that I bought it for investment?
Answer:
Yes, since you bought it for investment, it is a commodity. A commodity is among trade goods. If a lunar year has passed over it while you intend to trade it, you must pay zakah on it. If you sell it before the completion of the lunar year and the price remains with you until the lunar year is completed, you must pay zakah on the price to give one-tenth of a quarter. Yes.
The presenter:
May Allah reward you.
Source
نور على الدرب - الفوزان - 03/239 — archive.org (7:48)
The Arabic text is a machine transcription of the audio recording.