What is the ruling on Zakat for a property that was exchanged for another property with an additional payment as a difference, given that the one paying Zakat customarily pays Zakat on properties sold for money?
It is permissible to sell a house in exchange for land plus a sum of money, as real estate does not fall under the categories of usurious items. is obligatory on real estate designated for trade by appraising it when a year has passed on the money with which it was purchased, and one-quarter of one-tenth (2.5%) of its value is to be given. If it is sold before a year has passed, one can wait until a year passes on the cash price, or expedite the Zakat immediately after the sale. If the real estate is exchanged for land intended for trade, the hawl (one-year period) is not interrupted, and the land is appraised when the hawl is complete for Zakat purposes. However, if the land is for personal use (such as agriculture or residence), there is no Zakat on it and the hawl is interrupted.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Original fatwa ID
- 13070
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- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
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