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The question

What is the ruling on zakat for a residential home, an empty house, a closed shop, and two plots of land acquired four or five years ago, with no current intention of selling them?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

is not obligatory on properties not intended for trade, based on the Prophet's (peace be upon him) saying: "There is no (zakat) on a Muslim for his slave or his horse." However, if you own goods with the intention of trade and a year has passed over them, zakat becomes obligatory. If more than a year has passed over them with the intention of trade, then you owe zakat for all those years.

Summarized from the full answer at Ftawy · imported

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Ftawy
Original fatwa ID
141756
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