Zakah on the price of a farm sold in installments
Machine translationRead the Arabic original
The questioner : A man says: I sold my farm in installments over ten years. How do I pay its zakah?
The Shaykh : If he sold his farm in installments over ten years, this means that the price of the farm has become a debt owed by the buyer. The rule regarding debts owed by people is that if the debtor is well-off such that you can demand payment from him, it is obligatory for you to pay the zakah on his debt every year. If he is poor, you are not required to pay zakah on it unless you receive it, in which case you pay zakah on it for one year. So, if this man is wealthy and pays you each installment when it comes due without delay, it is obligatory for you to pay the zakah on the debt in your possession every year. If you wish, you can pay it out with your other wealth, or you can set it aside, and whenever you receive something, you pay its zakah. Yes.
The Shaykh : If he sold his farm in installments over ten years, this means that the price of the farm has become a debt owed by the buyer. The rule regarding debts owed by people is that if the debtor is well-off such that you can demand payment from him, it is obligatory for you to pay the zakah on his debt every year. If he is poor, you are not required to pay zakah on it unless you receive it, in which case you pay zakah on it for one year. So, if this man is wealthy and pays you each installment when it comes due without delay, it is obligatory for you to pay the zakah on the debt in your possession every year. If you wish, you can pay it out with your other wealth, or you can set it aside, and whenever you receive something, you pay its zakah. Yes.
Source
اللقاءات الرمضانية لعام 1413هـ - 2 — binothaimeen.net (54:11)
The Arabic text is a machine transcription of the audio recording.