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The question

Is zakat obligatory on a sum of money saved to buy land, which is temporarily invested in purchasing shares to increase it?

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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 money designated for purchasing land for building and residential purposes if it reaches the (minimum threshold) and a full hawl (lunar year) passes over it, whether the money is saved or invested in stocks. However, if the land is purchased before the completion of the hawl, then there is no Zakat due on it.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Source platform
Ftawy
Original fatwa ID
35989
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