Zakah on money invested in building villas for sale
Machine translationRead the Arabic original
Question:
Honorable Shaykh, I entered into an agreement with a group of young men to use a sum of money to build villas and then sell them. This process takes two years. The question is: how do I pay the zakah on this money that I have invested?
Answer:
The money has gone into the buildings, so there is no zakah on it now until the buildings are completed. Once they are completed, they are put up for sale. The zakah year begins when they are put up for sale after the construction is finished. The zakah year begins from the completion of the construction and their being put up for sale. While they are under construction, there is nothing due on them.
Honorable Shaykh, I entered into an agreement with a group of young men to use a sum of money to build villas and then sell them. This process takes two years. The question is: how do I pay the zakah on this money that I have invested?
Answer:
The money has gone into the buildings, so there is no zakah on it now until the buildings are completed. Once they are completed, they are put up for sale. The zakah year begins when they are put up for sale after the construction is finished. The zakah year begins from the completion of the construction and their being put up for sale. While they are under construction, there is nothing due on them.
Source
شرح بلوغ المرام من أدلة الأحكام [ صالح الفوزان ]، بداية من باب الصلح — islamhouse.com (9:29)
The Arabic text is a machine transcription of the audio recording.