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The question

Is Zakat obligatory on funds frozen for building a commercial complex, and is Zakat obligatory on a salary, a portion of which is transferred to this project?

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

If the purpose of constructing the complex is to utilize it for rental, then is not obligatory on the building itself, because it is a fixed asset that does not grow. However, if the purpose is to trade by selling the property itself, then its value must be assessed every year, and zakat must be paid on its value, even if the construction is not yet complete, because it is wealth designated for growth. The majority of scholars mandate zakat on trade goods.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Ftawy
Original fatwa ID
63155
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