Answered by: Maulana Moinul Abu Hamza
Question:
If you own a house and are renting it out, should zakat be paid for the house?
بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم
In the name of Allah, the Most Gracious, the Most Merciful
Answer:
For property that you have bought to rent out, the Zakah will need to be paid on the rental income, so long as your total net amount of rental income is above the nisaab. Zakaat is not due on the house value unless you have bought it for trading in it. [1]
Allah (SWT) knows best
Answered By Maulana Moinul Abu Hamza
Checked and approved by Mufti Mohammed Tosir Miah
Darul Iftā Birmingham
[1] Al-Hidayah, Imran Nyazee Translation, Book 3 Zakat, page 294