Back to search
The question

Is Zakat obligatory on a plot of land purchased with the intention of selling it when its price increases, and not with the intention of residing in it?

Share this answer

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

As long as a person has bought the land with the intention of trade, it is considered a trading commodity, and according to the majority of scholars, is obligatory on it by valuing it every year and paying one-quarter of one-tenth of its value. The Malikis are of the view that it is sufficient to pay zakat on it only once when it is sold. The opinion of the majority is more cautious and more absolving of responsibility.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
179891
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.
Read the full ruling
Read the full answer on Ftawy