There is no Zakah on the land intended for investment


1550

Q: I would like to inform you that my two brothers and I have bought a plot of land measuring 2400 square meters in the area of Al-Khamis. We intended to invest it in the construction of housing units (Part No. 8; Page No. 95


A: There is no Zakah on the land prepared for investment (for rent) but the Zakah should be on the rent collected when it reaches the Nisab (the minimum amount on which Zakah is due) independently or after being added to other kinds of money and a full Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due) passes.May Allah grant us success. May Allah's Peace and Blessings be upon Prophet Muhammad and upon his family and Companions.


13210 Calculating the Zaka...
13208 Zakah on land


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Highlights on the Meaning of Al-Fatiha

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

Zakah on merchandise
Zakah is not Wajib on the piece of land which is intended for building and taking it as private house or to renting it out

Zakah on merchandise
Zakah on commercial commodities should be given if a Hawl passes on the value at which it was first bought

Zakah on merchandise
Is there Zakah due on deferred sale

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

Zakah on merchandise

How should the Zakah due on the poultry farm be calculated?

Zakah on merchandise

The real estate of the deceased, how can the Zakah due on it be calculated?

Zakah on merchandise

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