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The question

Is zakat obligatory on a vacant plot of land that was purchased in installments with the intention of building residential and investment properties, knowing that its price has not been fully paid and the buyer owns a financial balance on which he pays zakat?

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

If a Muslim buys land for the purpose of residence and utilization, not for trade, there is no due on it, because it is among the assets acquired for personal use. A Muslim does not owe zakat on what he acquires of houses, furniture, and cars, based on the : "There is no sadaqa (zakat) on a Muslim's slave or horse." If the land is actually invested, then the zakat is due on its produce.

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
40332
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