Sunday, August 19, 2012

Zakat on rented out home

Question:
I live and work in Saudi Arabia. My home in England is rented out and
I receive rent from it on a monthly basis. My understanding is that
Zakat is due on the rent that I receive not on the value of the
property itself. Is this correct?
Answer:
Wa Alaykum Assalam wa Rahmatullah wa Barakatuhu,
Yes, your understanding is correct: zakat is due on your rent
(accounted with the rest of your zakatable wealth), not on the value
of the property itself.

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