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The question

Is Zakat obligatory on a sum of money designated for investment upon the passing of a year (Hawl), and how is Zakat paid on land that was purchased with a portion of this sum six months ago?

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

Yes, every individual must pay on their share of mixed funds and land if it is for trade, provided that their share reaches the , even if by combining it with other zakatable wealth they own, and that a hawl (full lunar year) passes over it. The wealth of partners is not combined to complete the nisab, because mixing (of ownership) is not considered for zakat except for grazing livestock according to most scholars. And whoever's share does not reach the nisab, no zakat is due on them.

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
126550
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