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The question

Does zakat become obligatory on real estate purchased by a merchant to endow it for the poor, if a year passes while it is vacant?

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

If a man buys real estate with the intention of it being an endowment (waqf), not for trade, then there is no on it. This is because it is not considered a trade commodity. Rather, it is in the same category as something prepared for personal use (qinyah), based on the Prophet's (peace be upon him) saying: "There is no (zakat) on a Muslim for his slave or his horse." Furthermore, wealth endowed for the poor is not subject to zakat.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
108508
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