Islam Question and Answer - He bought land for the purpose of trading it and has not taken possession of it; does he have to pay zakaah on it?

Sat 4/4/1431 - 20/3/2010

» Should a man listen to his wife’s suggestions and consult her about matters?.

» Is there more reward if the congregation is greater?.

» He has a partnership in a commercial venture on the basis that every time they buy a dozen with his money, he will have ten riyals.

» How children can honour their parents.

» He got to know a girl through the internet and he wants to marry her but her father is refusing.

» The earliest time for Jumu‘ah prayer.

» Taking a sample of clothing from a store and making something similar with the intention of selling it.

» He owns an café in which men and women mix.

» She had a miscarriage after one month, and that coincided with the time of her period - should she pray?.

» Celebrating innovated festivals.

105333

Principles of Fiqh » Jurisprudence and Islamic Rulings » Acts of Worship » Poor-due or obligatory charity » On What is Zakaah Due

He bought land for the purpose of trading it and has not taken possession of it; does he have to pay zakaah on it?

A man bought some land for the purpose of trading in it for a certain amount of money, but this man has not taken possession of the land until now and has not even received the title deed. Is zakaah due on it?.

Praise be to Allaah.

Yes, he has to pay zakaah on this land, even if he has not received the title deed, so long as the sale has been done and become binding. So he has to pay the zakaah on trade goods, working out its value at the market rate at the time when zakaah becomes due, and paying one quarter of one tenth of its value. End quote.

Majmoo’ Fataawa al-Shaykh Ibn ‘Uthaymeen (18/234).