Is Zakat obligatory on a plot of land that was purchased with money withdrawn from the bank to avoid usurious interests?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Your father must repent from dealing with the usurious bank and dispose of the usurious interest by spending it on the welfare of Muslims or giving it to the poor and needy.
As for the plot of land, if it was purchased with the intention of trade, then is due on it by appraising it every Hijri year and giving out one-quarter of one-tenth of its value. If it was purchased for purposes other than trade (such as building on it, renting it out, or without a specific intention), then there is no zakat on it, based on the Prophet's (peace and blessings be upon him) saying: "There is no [zakat] due on a man's slave or his horse."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/97970
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 97970
- 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