Is zakat obligatory on a commercial property that was purchased with the intention of trade and sale, then its direct investment ceased for a period while the intention of selling remained, and how much is the zakat if it becomes obligatory?
The shop is considered a trade commodity as long as there is an intention to sell it when its price rises. becomes obligatory on its market value at the completion of a hawl (lunar year) from its purchase with this intention. Scholars have differed on how the hoarder's zakat is paid: The Malikis hold that he pays zakat on the commodity if he sells it for one year only, while the majority of scholars hold that zakat is due on it every hawl. However, if the shop was bought with a wavering intention (between exploitation and sale), no zakat is due on it. Instead, zakat is due on the rent, if he leases it, provided it reaches the and a hawl passes over it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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