Zakaat calculation for shares in investment land


If a person has invested and bought shares in land for a long term (3 to 8 year) investment,
when do you pay zakaat? And how is this calculated?

Do we pay year to year based on invested amount until the profit is gained? And then zakaat on profit?
Or not pay anything until the investment is complete and profit is gained (due to the money being locked away in the shares)?

The investment was through a crowdfund were the land was bought in shares, with the aim of acquiring planning permission, then selling the shares as a profit.

The shares were bought around a year ago and planning permission is still under the process of being acquired…

Jazakallah khair


May Allah bless you.

My personal opinion is that, if the intention is to ‘buy for resale’, then zakat will be due on the current market value of the shares every year.

The fact the money is locked away for a few years is irrelevant, if there is a clear objective for capital growth behind such investment.

And Allah knows best!

Jazakallah khair for your prompt response brother!