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


374

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:




There is no Zakah on the land intended for investment

Zakah on merchandise
The residence you intended to sell has the same ruling as commercial commodities

Zakah on merchandise
If a person spends in the Way of Allah intending to get the rewards of this life and the Hereafter

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

Zakah on merchandise
Is there Zakah due on the land one bought for trade and allowed some orphans to plant it?

Zakah on merchandise

Is there Zakah on the grant given to one if he intends to sell it?

Zakah on merchandise

A company specialized in fish breeding

Zakah on merchandise

The Zakah should be paid at the time when it is due

Zakah on merchandise