This is some of the most baseless, unfounded rationale I've ever heard. Personal wealth is inviolable under Islamic law, and just as a ruler has no prima facie right to force a sale, he has no prima facie right to force a purchase. This is one of the ABCs of Fiqh. Additionally, forcing oppressive parties out of the market has precedence, and lastly the basis of markets in Islamic econ is that they are free and not captured by the regulator (read: ruler).
As it's been said,
نصف فقيه يفسد الأديان
A semi-scholar corrupts the religion.
I can't believe it.
لا حول ولا قوة إلا بالله إنا لله وإنا إليه راجعون
The great Egyptian Qari' Sheikh Abdullah Kamel has reportedly just passed away today in New Jersey. They reportedly went to check on him after he missed Salah in the Masjid and found that he had died
In Libya they have a distinguished dawrah where the top reciters go through three stages of assessment. Individual tests, correction of recitation, and finally a group test. The winners are then selected to be representatives in International comps.