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What say ulema of deen about the rent money and the debt we have given to other people, do we have to pay zakat on such amount?

Answered as per Hanafi Fiqh by ShariahBoard.org
What say ulema of deen about the rent money and the debt we have given to other people, do we have to pay zakat on such amount? If yes, what is the way to do it?
There is zakat on the amount given as debt. The amount of rent which is collected would be considered as part of all the wealth, so, zakat would be necessary on it.

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This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

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