{"id":10938,"date":"2019-02-28T18:23:02","date_gmt":"2019-02-28T18:23:02","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=10938"},"modified":"2019-02-28T18:23:02","modified_gmt":"2019-02-28T18:23:02","slug":"determining-the-zakah-on-a-land-with-no-market-demand","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/determining-the-zakah-on-a-land-with-no-market-demand\/","title":{"rendered":"Determining the zakah on a land with no market demand."},"content":{"rendered":"

\n\t <\/span>Fatwa ID: 02711<\/strong><\/span><\/span>\n<\/p>\n

\n\tAnswered by: Moulana Tahsin Alam\u200b <\/strong> <\/strong> <\/strong> <\/strong><\/span><\/span>\n<\/p>\n

\n\tQuestion:<\/strong><\/u><\/span><\/span>\n<\/p>\n

\n\tAssalamualaikum<\/span><\/span>\n<\/p>\n

\n\tIf land was purchased in India 10 years ago with intention of resale, this is Zakatable each year at current market value right? <\/span><\/span>\n<\/p>\n

\n\tHowever, for the last 6\/7 years, the demand for buying is non-existent so one is not able to sell it even if he wanted to. Maybe never. <\/span><\/span>\n<\/p>\n

\n\tIs zakah still liable? Can one accept the fact that the money is lost and change one's intention. <\/span><\/span>\n<\/p>\n

\n\tIf so, how does one determine value as there is no market demand? <\/span><\/span>\n<\/p>\n

\n\tAnd can one accrue the zakah on this land, paying it from previous years if it sells, on the basis that it may never sell so what would be the ruling be on paying zakah on something that may never sell?<\/span><\/span>\n<\/p>\n

\n\t\u0628\u0650\u0633\u0652\u0645\u0650 \u0627\u0644\u0644\u0647\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0652\u0645\u0646\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0650\u064a\u0652\u0645<\/strong><\/span><\/span>\n<\/p>\n

\n\tIn the name of Allah, the Most Gracious, the Most Merciful.<\/u><\/strong><\/span><\/span>\n<\/p>\n

\n\tAnswer:<\/u><\/strong><\/span><\/span>\n<\/p>\n

\n\tAssalamu Alaikum Wa Rahmatullahi Wa Barakaatuh<\/span><\/span>,<\/span><\/span>\n<\/p>\n

\n\tAny<\/span><\/span> item bought for the intention of resale and business is an asset on which zak\u0101h<\/i> is due, its value is determined by the current market value of the item every lunar year. If there is no market value for an item, it will not be considered a zak\u0101table<\/i> asset.[1]<\/sup><\/sup><\/a><\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\tOnly Allah knows best<\/span><\/span>\n<\/p>\n

\n\tWritten by Moulana Tahsin Alam<\/span><\/span>\n<\/p>\n

\n\tChecked and approved by Mufti Mohammed Tosir Miah<\/span><\/span>\n<\/p>\n

\n\t<\/a>Darul Ifta Birmingham<\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n

\n\t[1]<\/sup><\/sup><\/a>Im\u0101m al-K\u0101s\u0101n\u012b, Bad\u0101i\u02bf al-\u1e62an\u0101i\u02bf<\/i> (Cairo: Darul Had\u012bth, 2005), volume 2 pg. 402.<\/span><\/span>\n<\/p>\n

\n\t\u200b<\/span><\/span> <\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

 Fatwa ID: 02711 Answered by: Moulana Tahsin Alam\u200b Question: Assalamualaikum If land was purchased in India 10 years ago with intention of resale, this is Zakatable…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/10938"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=10938"}],"version-history":[{"count":1,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/10938\/revisions"}],"predecessor-version":[{"id":10939,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/10938\/revisions\/10939"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=10938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=10938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=10938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}