Wa `alaykum As-Salamu wa Rahmatullahi wa Barakatuh
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.
In this fatwa:
In his response to your question, Prof. Dr. Monzer Kahf, Professor of Islamic Finance and Economics at Qatar Faculty of Islamic Studies, states:
These properties that you mentioned are all items of wealth which are not for personal and family use.
As a principle, they are subject to Zakah every year as items of wealth and richness. They are locked in dispute and inability to produce any income or fulfill their objectives for you. This is an issue which is considered in the determination of due Zakah and in its due date.
You need to estimate the present value of all these properties on the day of your Zakah and take into consideration the existing disputes in this estimation.
Once the amount of Zakah is determined, its payment maybe delayed until all these issues are solved. The principle is that Zakah due on each property is paid out of it but when you liquidate, you need to pay the due amounts of Zakah on all past years.
Almighty Allah knows best.
Editor’s note: This fatwa is from Ask the Scholar’s archive and was originally published at an earlier date.