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The question

Does zakat become due on an apartment purchased in installments for residential purposes, with the intention of selling it if a good opportunity arises?

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

If you intend to sell it at a price you are content with, then it is a trade asset on which is obligatory, even if you intend to live in it temporarily before selling; because the intention to sell makes it a trade asset. However, if you are hesitant about selling it, then there is no zakat on it.

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
149121
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