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The question

Is zakat obligatory on a commercial building whose construction has not been completed and whose full price has not been paid, and a Hawl (full lunar year) has passed on it?

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

If the property was purchased with the intention of trading, is obligatory on it upon the completion of a hawl (lunar year) on the principal amount of money with which it was bought. The debt is deducted from the value of the property subject to Zakat if the Zakat payer does not have other money to cover the debt, and the remainder is subject to Zakat if it reaches the . However, if he has other money to cover the debt, the debt is not deducted from the value of the property, and its full value is 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
106982
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