📚 Source: Ahkam wa Masail, Zakat ke Masail, Volume 1, Page 270
❖ Question
Is zakat obligatory on a house/property?
✦ Answer
الحمد لله، والصلاة والسلام علىٰ رسول الله، أما بعد!
① Zakat on a Property Held for Trade
If a property is kept for commercial purposes, i.e., it was purchased or constructed with the intention of reselling it for profit, then:
➤ Zakat is obligatory on the market value of the property,
➤ And zakat is also due on any rental income earned from it.
② Zakat on a Property Meant Only for Rental
If the property is not intended for sale but is merely built or purchased for rental income, and no buying-and-selling trade is intended, then:
➤ Zakat is only obligatory on the income generated from rent,
➤ Zakat is not due on the property’s actual value.
ھذا ما عندي، والله أعلم بالصواب
This is what I know, and Allah Almighty knows best what is correct.
