عربي
23 Rabi al-Thani 1443  ,  28 November 2021

The General Iftaa` ... Date Added: 25-10-2020

Prophet Mohammad (PBUH) ... Date Added: 24-09-2020

Statement on the so-Called ... Date Added: 30-01-2020

Ijtihad & Taqlid Date Added: 27-01-2020

The Family and Ramadan Date Added: 26-04-2021

The Pandemic Absolves a ... Date Added: 15-03-2021

Forbearance is the Basis ... Date Added: 04-01-2021

The Participation in ... Date Added: 11-11-2020

Search Fatawaa


Subject : Ruling on the Zakah of Land Bought for Building a House on

Fatwa Number : 569

Date : 23-03-2010

Classified : Zakat on Money

Fatwa Type : Search Fatawaa


Question :

Years ago, I bought a piece of land to build a house for my own living with my family. However, after sometime, I sold it because I decided to build a house somewhere else. I bought a new piece of land after I sold the first. Is the amount for which I sold the land liable for Zakah and how much is it?



The Answer :

All perfect praise be to Allah the Lord of the Worlds. May His peace and blessings be upon our Prophet Mohammad and upon all his family and companions.

No Zakah is payable on the price of the land bought for building a house on because the land wasn`t bought to be sold for a profit. As for the new land, if you bought it to sell it for profit then you must pay the Zakah of its price after one year from the day you received its price.

In addition, if you have other wealth that reached Nisab (Minimum amount liable for Zakah) before that date, its Zakah is payable after a full lunar year passes over its possession, even if it is part of the price of the land you have bought for trade. Nonetheless, if you haven`t bought that land for sale then no Zakah is payable on it. And Allah the Almighty knows best.




Comments

 

Name *

E. mail Address *

Country

Comment Title *

Comment *

 
 

Warning: this window is not dedicated to receive religious questions, but to comment on topics published for the benefit of the site administrators—and not for publication. We are pleased to receive religious questions in the section "Send Your Question". So we apologize to readers for not answering any questions through this window of "Comments" for the sake of work organization. Thank you.