A:
If you bought this piece of land for trade, then (Part No. 9; Page No. 330) it is regarded as a trade good that is to be estimated after the elapse of a lunar year of possessing its price. Zakah should then be paid for it. In this case, giving it as `Ariyah for living is not a substitute for paying its due Zakah.On the other hand, if you bought it with the intention of keeping it, not re-selling it, there is no Zakah due on it until the buyer intends to use it for trade. As such, the year with regard to trade goods starts from the time of the intention, for it is reported on the authority of
Samurah ibn Jundub (may Allah be pleased with him) that he said:
We used to pay the sadaqah (Zakah) on what we prepared for trade.
May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
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