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The question

Is zakat obligatory on land that was purchased with the intention of building on it, then selling it to buy another piece of land for residence due to unforeseen circumstances?

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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 on land purchased with the intention of building upon it, nor on its price if another land is purchased with it for building, unless a full year (hawl) passes while it is in the owner's possession. The fact that land is for acquisition (qinya) does not make it a trade asset (ardh al-tijarah) merely by the intention to sell it. Consequently, zakat is not obligatory on its value until after it is sold and a full year passes on its price.

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
171563
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