If a company obtains a long-term loan from local banks to finance its investments in real estate (raw land) to develop these lands and sell them in the future, should this loan be estimated within the Zakat base?

Zakat is levied upon the part of the loan that passed a year in position.

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If a company obtains a long-term loan from local banks to finance its investments in real estate (raw land) to develop these lands and sell them in the future, should this loan be estimated within the Zakat base?