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The question

How is Zakat calculated on money paid to the questioner's father for the purchase of a plot of land in installments?

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

is not obligatory on purchased land unless it is intended for trade. In that case, its value is assessed, and Zakat of one-quarter of one-tenth (2.5%) is due upon the completion of a full year from its purchase price. As for savings from one's salary, Zakat becomes obligatory on them if they reach the (minimum threshold) and a full year has passed, and its amount is one-quarter of one-tenth (2.5%). It is permissible to deduct debt from the Zakatable wealth if there are no other assets exceeding one's basic needs.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Source platform
Ftawy
Original fatwa ID
170819
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