What is the ruling of zakat on lands that are kept with the intent of selling it later on?
According to The Permanent Committee for Scholarly Research and Ifta’ (of Saudi Arabia), zakat is obligatory on lands that are kept with the intent of buying and selling, because they are considered products of sale. Therefore, they are included in the generality of the evidences concerning the obligation of zakat in the Quran and the Sunnah, as is Allah Statement:
“Take, [O, Muhammad], from their wealth a charity by which you purify them and cause them increase, and invoke [ Allah ‘s blessings] upon them. Indeed, your invocations are reassurance for them. And Allah is Hearing and Knowing.”
[Al-Quran, Surah at-Taubah, verse 103]
There is also that which Abu Dawud recorded with a good chain of narration from Samurah bin Jundub that he said:
“The Messenger of Allah commanded us to give charity (zakat) for whatever we kept for sale.”
The majority of the people of knowledge have ruled according to this and it is the truth. May Allah send blessings and peace upon our Prophet Muhammad.
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