The Ruling on the Zakah of Land Set Aside for Sale

The questioner:
Muhammad from al-Kharma, please, my brother Muhammad. Please, Muhammad. Peace be upon you and Allah's mercy. And upon you be peace and Allah's mercy, please. Peace be upon you. Young men.

The Shaykh:
And upon you be peace and Allah's mercy. We bear witness to Allah, Glorified and Exalted is He, regarding your love, O our scholars, and we bear witness to Allah that we revere you and love you for the sake of Allah. Please, state your question. May Allah grant us and you success.

The questioner:
I have two questions, Shaykh. The first question, may you live long: I intended to buy a plot of land in the development plan and intended to build on it. But after I saw the plan and saw the large number of people in it, I intended to build on my farm instead, and I built on my farm. I then offered this land for sale. I do not know its value; it has been two years, and I have been offering it for sale. Sometimes I estimate it at one hundred and twenty, sometimes at one hundred. I do not know how to estimate it. So should I pay zakah on it, or should I wait until I sell it and then pay zakah, Shaykh? This is the first question. Please, let the Shaykh answer for a moment.

The Shaykh:
If a year has passed since your intention to sell, zakah becomes obligatory on it. You appraise it at its value and pay zakah by giving one-quarter of one-tenth for every year that passes while you have intended it for sale. Yes.