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The question

How is the zakat calculated for a real estate deposit, by which the bank purchases properties and leases them for a period of five years, then sells them and returns the deposit with profit, along with quarterly profit distribution from the rent, given that the properties have not yet been sold?

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

As long as real estate is purchased for the purpose of sale, it is treated as trade goods, and its becomes due after one Hijri year on the purchase price. The real estate is valued and added to cash and other trade goods, and zakat is paid on all of them together. As for the income from real estate, it is subject to a new hawl (lunar year) according to the Malikis, but it is preferable to add it to the value of the real estate and pay zakat on all of it together, for the benefit of the poor.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
77392
Imported
Translation status
Source text, unreviewed
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