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Zakaah on rental property and income

Fatwaa ID: 974

Question:
Asalam alikum Mufti saab is there a zakat on a property the we have and we are renting it out to tenants however the income that comes from the rental we use it to pay the rental for the place we are living in since we moved from a two bedroom to a three bedroom

Answer:
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.

There is no zakaah on rental properties such as in the enquired situation. As for the rental income, it will be treated as any other income. Whatever is remaining from it on one’s zakaah date will be added in the zakaah calculation.

And Allaah Ta’aala knows best.
Mufti Muajul I. Chowdhury
Darul Iftaa New York
https://askthemufti.us/

وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين

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