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Q: I build a house with intentions to live there. Later if I rent this house how will the zakat be calculated?
A: Zakaat will be paid on the rental income, which will be added to your other cash at the end of one Islamic year. Zakaat is not payable on the value of the house.
Mufti Siraj Desai
This answer was collected from AskMufti.co.za, which is operated under the supervision of Mufti Siraj Desai of Darul-Uloom Abubakr, South Africa.
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