Zakah on land set aside for sale

The questioner:
We also have Abdullah from al-Kharj. Go ahead, my brother Abdullah. Peace be upon you.

The Shaykh:
Peace be upon you.

The questioner:
He is asking about zakah. I have land that came with salt in it, and it has been five years, and I have not paid zakah on it. Is zakah due on it or not?

The Shaykh:
What is your intention for it?

The questioner:
No, I want it to increase in value. It will increase in price after a while, for example, and I will sell it.

The Shaykh:
You are offering it for sale.

The questioner:
Yes, it will increase in price, I mean.

The Shaykh:
As long as you own it and intend to sell it, then zakah is due on it every year. You appraise it when a year has passed, appraising it at its current price, and you pay zakah on it by giving one-tenth of a quarter.

The questioner:
From the day of your first year, I mean.

The Shaykh:
From the day you intended to sell it. Yes, that is correct.

The questioner:
And how much, please, would it be, for example, based on the value? Based on

The Shaykh:
the value it equals at that time, and the obligatory amount is one-tenth of a quarter. Yes.

The questioner:
Thank you. Okay, who appraises it?

The Shaykh:
You, or you ask a real estate office.

The questioner:
Yes, okay, thank you.