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The question

Is Zakat due on land that I bought ten years ago and was only sold after the sale?

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

Whoever owns real estate with the intention of trading it, is obligatory on it if a year has passed on its price and it reaches the Nisaab (minimum threshold). So, every time a year passes, it is valued at the market price, and 2.5% of its value is taken out. The basic principle is to pay Zakat every year, but it is permissible to delay it in case of inability or fear of loss until the money is available or the land is sold. Then, Zakat is paid for all past years by estimating the value of the land at the beginning of each year and paying 2.5% of the total.

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
33147
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