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The question

Is zakat obligatory on a plot of land that one intends to sell or keep for the future?

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

If you acquire a plot of land with the intention of trading it, then you must pay on it as a trade commodity. You assess its value at the end of the hawl (one lunar year) from the time you paid the price you bought it for (if that amount reached the by itself or by combining it with other money or trade commodities), and you pay a quarter of a tenth of its value. However, if the price does not reach the nisab, then the hawl begins from the time of acquisition. But if you bought the land with the intention of owning it, then there is no zakat on it, even if you intend to sell it when needed.

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
36598
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