Zakat on rental properties
Question
In rental properties, should zakat be discharged on the property or on the income of the property? For example if someone has a car showroom, where he lets cars, is zakat payable on the cars (which is his property) or on the income.
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
In principle, hired items, for example, let out property, or hired cars or equipment hired are not subject to zakat like stock in trade. If items are hired, zakat will be on the income if other conditions of zakat are fulfilled[1].
And Allah Ta’āla Knows Best
Asim Patel
Student Darul Iftaa
Venda, South Africa
Checked and Approved by,
Mufti Ebrahim Desai.
www.daruliftaa.net
References (Arabic / Urdu sources)
[1]
والأصل أن ما عدا الحجرين والسوائم إنما يزكى بنية التجارة بشرط عدم المانع المؤدي إلى الثنى وشرط مقارنتها لعقد التجارة
وهو كسب المال بالمال بعقد شراء أو إجارة أو استقراض. ولو نوى التجارة بعد العقد أو اشترى شيئا للقنية ناويا أنه إن وجد ربحا باعه لا زكاة عليه. الدر المختار وحاشية ابن عابدين (رد المحتار)274/2 دار الفكر-بيروت
فتاوي عثماني (42/2)
- Answered by
- Asim Patel
- Checked & approved by
- Mufti Ebrahim Desai
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