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…