The Zakah on Land Granted for the Purpose of Sale
Machine translationRead the Arabic original
Question:
He says: I was granted a piece of land, and it has been with me for seven years now. I am considering holding onto it so that the price rises significantly, and then selling it. Is there any zakah due on it?
Answer:
First, you must take possession of the land, stand on it, know its boundaries, and obtain the legal deed for it so that your ownership of it is complete. If you intend to sell it, but you hope that the time for the price to rise will come, then it has become a commodity, a trade good among the goods of trade. If a year passes while you intend to sell it, you must appraise it at its value and pay one-quarter of one-tenth of its appraised value, because it has become a trade good. Yes.
The presenter:
May Allah reward you,
He says: I was granted a piece of land, and it has been with me for seven years now. I am considering holding onto it so that the price rises significantly, and then selling it. Is there any zakah due on it?
Answer:
First, you must take possession of the land, stand on it, know its boundaries, and obtain the legal deed for it so that your ownership of it is complete. If you intend to sell it, but you hope that the time for the price to rise will come, then it has become a commodity, a trade good among the goods of trade. If a year passes while you intend to sell it, you must appraise it at its value and pay one-quarter of one-tenth of its appraised value, because it has become a trade good. Yes.
The presenter:
May Allah reward you,
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (095) لمعالي الشيخ صالح الفوزان بتاريخ [1436-06-26] - كبار العلماء — youtube.com (24:52)
The Arabic text is a machine transcription of the audio recording.