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The question

What is the ruling on zakat for a plot of land purchased with the intention of investing in it, whether by selling it or building on it for rent, and what is the ruling on zakat if it is transformed into a building for a rental project?

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

If you did not intend for the land to be for trade when you purchased it, then there is no due on its value. If you were hesitant in your intention, then zakat is not obligatory. However, if you built upon it for rental properties, there is no zakat on the buildings themselves. Zakat is only obligatory on the rent if a year has passed over it and it reaches the either by itself or by combining it with other wealth.

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
111970
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