Fatwaa ID: 1006
If someone invests in real estate land for future, and the intention years down the road was either to build and live and/or sell if there is good offer or alternate available. Does this investment falls in zakat?
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.
Land purchased for future investments such as for building and living on or for selling in the event of a good offer is not subject to annual zakaah.
And Allaah Ta’aala knows best.
Mufti Muajul I. Chowdhury
Darul Iftaa New York
وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين
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