Zakah on land purchased for sale
Machine translationRead the Arabic original
Question:
One day, I had a piece of land that I bought at a price higher than the current market value, and now its price is lower than what I paid for it. I have no need for it except if I want to sell it, or if I need the money. Do I have to pay zakah on this land?
Answer:
If you are determined to sell it, then zakah is obligatory on it every year, but you must assess its value at whatever it is worth each year, whether it increases or decreases. However, if you are undecided about selling it or not selling it, there is no zakah on it. And Allah the Exalted knows best, and may Allah send prayers and peace upon our Prophet Muhammad.
One day, I had a piece of land that I bought at a price higher than the current market value, and now its price is lower than what I paid for it. I have no need for it except if I want to sell it, or if I need the money. Do I have to pay zakah on this land?
Answer:
If you are determined to sell it, then zakah is obligatory on it every year, but you must assess its value at whatever it is worth each year, whether it increases or decreases. However, if you are undecided about selling it or not selling it, there is no zakah on it. And Allah the Exalted knows best, and may Allah send prayers and peace upon our Prophet Muhammad.
Source
شرح بلوغ المرام من أدلة الأحكام [ صالح الفوزان ]، تابع كتاب الجنائز - 3 — islamhouse.com (29:00)
The Arabic text is a machine transcription of the audio recording.