I am a young man who owns land worth approximately thirty-five thousand riyals. Given that I have no money, is it permissible for me to borrow in order to pay its zakah, since the land is intended for trade?
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The questioner : May Allah reward you, O honorable Shaykh, he says:The questioner : I am a young man who owns land worth approximately thirty-five thousand riyals. Given that I have no money, is it permissible for me to borrow in order to pay its zakah, since the land is intended for trade?
The Shaykh : If a person owns real estate intended for trade and does not have cash to pay its zakah, he must record the zakah due each year based on the value of that real estate. When he sells the real estate, he must then pay all the zakah that has accumulated. However, I say to this brother and to others who hoard real estate, waiting for its value to increase without paying the zakah: be content and be satisfied with it. Perhaps if you sell it, Allah will make it easy for you to find another commodity to buy with the price of this land, and its value will increase.
The Shaykh : If a person owns real estate intended for trade and does not have cash to pay its zakah, he must record the zakah due each year based on the value of that real estate. When he sells the real estate, he must then pay all the zakah that has accumulated. However, I say to this brother and to others who hoard real estate, waiting for its value to increase without paying the zakah: be content and be satisfied with it. Perhaps if you sell it, Allah will make it easy for you to find another commodity to buy with the price of this land, and its value will increase.