The Ruling on Zakah in Land Purchased for the Purpose of Sale

Question:
Is there zakah in land that is purchased with the intention of selling it again?

Answer:
Yes, if a person buys land, a car, a building, or anything else with the intention of selling it, he must pay zakah on it when a lunar year has passed. It is considered merchandise for trade. This is the position of the majority of scholars, and some of them have reported it as a consensus.
This is indicated by what Abu Dawud (may Allah have mercy on him) narrated from Samurah ibn Jundab (may Allah be pleased with him) who said: “The Messenger (peace and blessings be upon him) ordered us to give charity from what we prepare for sale.” This indicates that zakah is due on what is prepared for sale. It has corroborating narrations, and it is also authentic in meaning. Trade consists of what remains in currency, which is exchanged for merchandise such as cars, land, houses, and other things people need. When a lunar year has passed, it is obligatory to pay zakah from the value of the merchandise one has prepared for sale, whether the merchandise consists of cars, land, houses, or anything else. Yes.

The presenter: May Allah reward you with good.