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The question

How is land prepared for trade to be zakatable, and is its value zakatable once upon sale, or annually, and then is the zakat collected upon sale?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

If the purpose of purchasing land is for trade and sale, then is obligatory on its value at the end of each lunar year (hawl). Its hawl is determined by the hawl of the money with which it was purchased. The land is appraised at market value, and 2.5% of its value is to be given as zakat. This is the view held by most scholars. What has been mentioned about zakat being obligatory only once upon sale, or the permissibility of delaying it, is incorrect, except in cases where it is impossible to access the funds.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
123250
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy