Question
I sold ancestral land for a large sum — part will buy another flat, the rest sits in the bank. From when is zakat due on it?
Ruling (Fatwa)
Short answer: Since the land was not trade goods (ancestral/personal), the hawl on its price starts on the sale day — zakat falls due when the money completes a lunar year in your hands or bank. Whatever buys the flat or is spent before that carries no zakat. Had the land already been trade goods (bought to resell), its hawl was already running — the proceeds continue on that old hawl.
Details: The easy method — if you already hold nisab with a fixed zakat day, reckon the proceeds with your total on that same day; some zakat goes slightly early, which is valid and hassle-free. With staged payments under a bayna agreement, each receipt is your cash from its day; the balance still owed by a reliable buyer before registration counts like a strong receivable.
Evidence: Quran 9:103; Ibn Majah 1792 (hawl); Sahih al-Bukhari 1454; Shaykh al-Uthaymin and the Permanent Committee on sale proceeds of personal vs trade assets.
For complex individual cases, consult a qualified scholar.
References
Quran
Quran 9:103
Hadith
Ibn Majah 1792; Bukhari 1454
Fiqh
al-Uthaymin; Permanent Committee