Category: Zakat
Fatwa#: 21482
Asked Country: Canada

Answered Date: Jul 17,2012

Title: Do I have to pay Zakaat on land?

Question

Aslamualikum! I bought two plots (space to build houses) with the intentions to sell them one day and make profit. But i'm not sure if giving Zaakat is fardh on me or not because of those plots. In other words is it compulsory for me to give Zaakat? 

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Your question is not clear.

Kindly state whether you purchased the land with the intention to re –sell immediately or did you purchase the land with the intention of keeping the land and then selling it after some time?

If you purchased the land with the intention of re-selling immediately and making a profit, it would be considered as stock in trade; hence you are obligated to pay Zakaat on the current market value of the land if it reaches the amount of Nisaab.[1]

If you purchased the land with the intention of keeping the land and then re-selling after some time and making a profit, then you are not obligated to pay Zakaat on the land in reference since it is not considered as being stock in trade.[2]

And Allah Ta’āla Knows Best

Moulana Ismail Desai,
Student Darul Iftaa
Durban, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

 



الزكوة و اجبة في عروض التجارة كائنة ما كانت (الهداية، 1/ 195، علمية)

أحسن الفتاوي، 4/299

فتاوي دار العلوم زكريا، 2/ 138)

الا أن يتملكها بنية التجارة (نور الايضاح، ص 214)

فتاوي دار العلوم ديوبند، 6/133

و تشترط نية التجارة لأنه لما لم تكن للتجارة خلقة فلا يصير لها الا بقصدها فيه و ذلك هو نية التجارة (فتح القدير، 2/217، الفكر)

2    فلا زكوة علي أثاث المنزل و دور السكني و نحوها (تنوير الأبصار، ج 2، ص 263- 265، ايج ايم سعيد)

عن حاجته الأصلية (تنوير، ج 2، ص 262، ايج ايم سعيد)

فارغ عن الدين و عن حاجته الأصلية (نور الايضاح، ص 209)

 

DISCLAIMER - AskImam.org questions
AskImam.org answers issues pertaining to Shar'ah. Thereafter, these questions and answers are placed for public view on www.askimam.org for educational purposes. However, many of these answers are unique to a particular scenario and cannot be taken as a basis to establish a ruling in another situation or another environment. Askimam.org bears no responsibility with regards to these questions being used out of their intended context.
  • The Shar's ruling herein given is based specifically on the question posed and should be read in conjunction with the question.
  • AskImam.org bears no responsibility to any party who may or may not act on this answer and is being hereby exempted from loss or damage howsoever caused.
  • This answer may not be used as evidence in any Court of Law without prior written consent of AskImam.org.
  • Any or all links provided in our emails, answers and articles are restricted to the specific material being cited. Such referencing should not be taken as an endorsement of other contents of that website.