I purchased a plot of land and commercial shops, and a lunar year has passed over them. Is there zakah on them, knowing that I have not benefited from the commercial shops or the land?
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The questioner : The questioner, Abu 'Abd al-'Aziz from Buraydah, says: I purchased a plot of land and commercial shops, and a lunar year has passed over them. Is there zakah on them, knowing that I have not benefited from the commercial shops or the land?
The Shaykh : This requires a detailed explanation.
The questioner : Yes.
The Shaykh : If he purchased them for trade, meaning that he buys them today and sells them tomorrow, like the goods of merchants.
The questioner : Yes.
The Shaykh : In their trade, then there is zakah on them, whether he benefits from them or not. But if he purchased them for investment, then there is no zakah on them; rather, the zakah is on their rental income. Yes.
The Shaykh : This requires a detailed explanation.
The questioner : Yes.
The Shaykh : If he purchased them for trade, meaning that he buys them today and sells them tomorrow, like the goods of merchants.
The questioner : Yes.
The Shaykh : In their trade, then there is zakah on them, whether he benefits from them or not. But if he purchased them for investment, then there is no zakah on them; rather, the zakah is on their rental income. Yes.