Is Zakat due on real estate purchased with the intention of preserving wealth?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Whoever buys real estate to preserve their money, not for trade, is not obligated to pay on it by consensus; because it is considered "asset for personal use" (mal al-qiniyah), which is not subject to zakat. One of the meanings of "qiniyah" is preserving money and saving, unless the intention is to evade zakat. If someone resorts to stratagem to nullify a religious obligation, it will not be nullified for them, and zakat becomes obligatory on them, and they are treated contrary to their intention. And Allah knows best.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/13299
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 13299
- 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.
- Read the full ruling
- Read the full answer on Ftawy