I would like the ruling concerning a plot of land which has been readied for construction and then left as it is until its price increases in the future. Do I need to pay zakat every year by estimating its worth?

 

Zakat is not due upon the mentioned plot of land as long as it has been readied for construction, and has not generated any profit. Zakat will only be due after selling the land and saving the earnings for a complete lunar year. The amount due is one quarter of a tenth (i.e. 2.5%) of its worth. However, zakat is not owed on the earnings if they are spent before the end of that year.

God the Almighty knows best.