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The question

Is zakat obligatory on land purchased for investment when there is no monthly income, and how is it to be rendered?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

is obligatory on land purchased with the intention of sale upon the completion of a full lunar year from the original purchase date. The zakat due is one-quarter of one-tenth (2.5%) of its value when zakat becomes due. However, if the intention behind the purchase was for a purpose other than sale, such as building, then no zakat is due on it. If liquidity is not available to pay the zakat, one may wait until the land is sold, and then pay its zakat for all the preceding years.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
141948
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy