Q: I have a shop, and pay 1200 as rent. I have given some money as security to the landlord. Should I add this security money while calculating nisaab for zakaat? Please reply?
A: Zakaat is not waajib upon wealth kept as a security (collateral). Hence, you do not have to pay zakaat upon that wealth.
And Allah Ta’ala (الله تعالى) knows best.
(فلا زكاة على مكاتب ) لعدم الملك التام ولا في كسب مأذون ولا في مرهون بعد قبضه (شامي 2/263 / فتاوى محمودية 14/82 )
Answered by:
Mufti Zakaria Makada
Checked & Approved:
Mufti Ebrahim Salejee (Isipingo Beach)