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The question

Is Zakat obligatory on a plot of land that was purchased two years ago, given the hesitation between building on it for residential purposes, selling it to buy a better plot, or holding onto it for future need, and in this case, is it considered an investment, savings, or a future dwelling?

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

There is no due on land unless it is a trade commodity. The mere intention to sell it when needed does not make it so. Zakat becomes obligatory on its price only after it has been sold, a [lunar] year has passed, and it reaches the either by itself or when combined with other money.

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
156349
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