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The question

What is the obligatory Zakat on a plot of land that was purchased for an unspecified purpose and remained for five years before being sold?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

is obligatory on commodities if their owner intended only to trade with them at the time of purchase. However, if he intended both trade and other uses, then if the intention for trade predominated, Zakat becomes obligatory when a full year has passed. But if the intention for personal use (acquisition) predominated, there is no Zakat on them. Instead, a new year (for Zakat calculation) begins for the price (if they are sold).

Summarized from the full answer at Ftawy · imported

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Where this answer came from
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Ftawy
Original fatwa ID
32127
Imported
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