Zakaat on rental property.

Answered according to Hanafi Fiqh by Askimam.org

Asalamualaikum,

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I own a property which is used for rental purposes only and provides an income each week (currently). Do i need to pay Zakaat on this and if so, how should I calculate it?

 

jazakhalah khair

Answer

In principle, if a person possesses a rental property, he will not be liable to pay zakah on the value of the property.[[i]][[ii]][[iii]]

Instead, if the rental income reaches the value of nisaab*, and remains for a complete Islamic year or the said person is a sahib- e -nisaab* and pays zakah on his other assets,[cash,gold silver etc], this rental income will form part of the other cash and will be subject to zakah.[[iv]][[v]]

* The standard Nisaab of Zakah is Two Hundred Dirhams (silver coins) equivalent to 612.35 grams of silver or Twenty Mithqals of Gold equivalent to 87.479 grams of gold or any currency that equals the value of this amount of gold and silver.

* A Sahib -e-Nisaab is one who possesses the Nisaab of Zakah (a required amount of money or assets that qualifies a person liable of discharging Zakah).

And Allah Ta’āla Knows Best

Anas ullah sharieff

Student Darul Iftaa

Hyderabad, India

Checked and Approved by,
Mufti Ebrahim Desai.


[i] ولو اجر عبده أو داره بنصاب ان لم يكونا للتجارة لاتجب ما لم يحل الحقول بعد القبض [البحر الحرائق 2208]

 

[ii] ولو اشتری قدرواً من صفر یمسکھا أو یوٴواجرھا لا تجب فیھا الزکاة کما لا تجب في بیوت الغلة (الفتاوی الخانیة علی ھامش الفتاوی الھندیة، ۱: ۲۵۱، ط:زکریا)

[iii] الدر مع الشامي 2/264’265)

[iv] فتاوى دار العلوم زكريا( ج:3 ص:138)

[v] فتاوى دار العلوم ديوبند (ج:6 ص:133)

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