The Ruling on Zakah in Land Prepared for Trade
Machine translationRead the Arabic original
Question:
I collected a sum of money and deposited it in the bank, and one month before the lunar year (hawl) had passed, I withdrew it and bought a piece of land for the purpose of trade?
Answer:
If you bought land with it for trade, it is based on the previous lunar year. So, when one month has passed after buying the land, you appraise it and pay its zakah; because eleven months have passed on it. If you bought land for trade and one month has passed, you complete the year—the year is completed—and you must appraise it by consulting with people of expertise, then you pay zakah on the value.
I collected a sum of money and deposited it in the bank, and one month before the lunar year (hawl) had passed, I withdrew it and bought a piece of land for the purpose of trade?
Answer:
If you bought land with it for trade, it is based on the previous lunar year. So, when one month has passed after buying the land, you appraise it and pay its zakah; because eleven months have passed on it. If you bought land for trade and one month has passed, you complete the year—the year is completed—and you must appraise it by consulting with people of expertise, then you pay zakah on the value.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.