If you intend to sell the land that you have, it will be regarded as commercial commodity


368

Q: We have a piece of land that we want to sell to improve our living standards. However, this land has not been sold, as no one offers to buy it over a period of five years. Is Zakah (obligatory charity) due on this land?


A: If you intend to sell the land that you have, it will be regarded as commercial commodity that should be evaluated at the end of every Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due) beginning from the time when the intention of sale was determined. The Zakah should be 2.5% of the value estimated upon the passing of the Hawl on a yearly basis.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.


13217 Is there Zakah due o...
13215 How should the Zakah...


Tags:




A man bought a piece of land with the intention of using a part of it for building his place of residence and exploiting the other part in trade

Zakah on merchandise
I own an organization for selling secondary spare parts of cars, which are unoriginal, how can I pay Zakah on it?

Zakah on merchandise
Is Zakah due from both the principal and the profits?

Zakah on merchandise
The land you earmarked for trade if its value increases

Zakah on merchandise
Is there Zakah due on one's farm which he intends for sale?

Zakah on merchandise

Is Zakah due on the money one has invested in Mudarabah

Zakah on merchandise

The land bought by the deceased without his inheritors knowing his intention

Zakah on merchandise

Is there Zakah due on the grant given to one by the state

Zakah on merchandise