ZAKAAH

Question:

As Salaamu Alaikum,

I would like to know how should I calculate the Zakaah on my rented houses. At present I own four houses which I rent to people. These are not for sale, but I collect a monthly rent on them. For Zakaah, do I calculate the price of each house or do I include only the rent money? Also, how do I pay Zakaah on the rent money?

 

Answer:

Wa Alaikum As Salaam,

Zakaah will not be paid on the value/price of each house. Rather, the rent received from the four houses will be added to the other Zakaatable assets, and if a year has passed over it and its savings equates to or exceeds the nisaab of Zakaah, then Zakaah will be waajib.

Ref:

(Radd Al Muhtar Vol. 5 page 466 Dar Ath  Thaqafa;   Fatawa Qadhi  Khan Vol. 1 page 223 Dar Al Kutub Al Ilmiya;  Khulasah Al Fatawa Vol. 1 page 239 Rashediya)

 

And Allah Knows best

Maulana Saeed Ahmad Khan

25/3/2022

 

Checked and approved by

Mufti Waseem Khan