The Ruling on the Zakah of Land Held for Trade

Question:
The other question, according to its return to us. I bought a piece of land for five thousand riyals ten years ago, and now it is worth five hundred thousand riyals. Do I pay its zakah based on the old value or the current value? I bought a piece of land for five thousand riyals ten years ago, and now its value has become five hundred thousand riyals. Do I pay the zakah based on the old value, meaning five thousand, or based on the current value? Five million

Answer:
If you bought it for the purpose of trade, you pay its zakah every year according to its value, not according to the initial value, nor the final value, but every year according to its value. If in the first year it was worth five thousand, you pay zakah on five thousand, then in the second year on three thousand, and the third year likewise, according to the value. If it increased in the beginning or in the treasury to ten thousand, to twenty thousand, to forty thousand, to one hundred thousand, you pay zakah on it every year according to its value. In the last year, you pay zakah on five hundred thousand because you sold it for five hundred thousand, so you pay zakah on five hundred thousand. And in the year before that, every year according to its value, by consulting with the people of knowledge between you and them, so that you know the value for each year, and its zakah is calculated accordingly.