Zakaat on a flat which was purchased for investment purposes

Q: My husband bought a flat for investment purpose only. We will not be living in it. He is currently renting out the flat and with that flat money his paying his bond. Due to it being an investment, does he pay zakaat on the value of the property?


A: No.

And Allah Ta’ala (الله تعالى) knows best.


Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)