Faraz Rabbani – Weekly Q&A Is Zakat Payable on the Rent Received from a Property

11 June 2024

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AI: Summary ©

The customer asks ifpayment on rent is possible at a property, to which the agent responds that it is not, as it is a regular trade good. The agent suggests using the Seeker's guidance for valuation purposes, and recommends the Islamic Sch 235 Fund for value.

AI: Transcript ©

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There's a question. Is zakat

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payable on rent received from a property

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or on the valley? Yes.

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Earnings.

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So property

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is not zakatable

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unless it's a trade good, which is separate

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matter, but just normal property that one owns.

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But if you have earnings from your property,

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then that's considered with the other zakatibul categories.

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Seekers guidance, of course, has a very useful

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zakat calculator as well. And if you're looking

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to give your zakat, strongly consider the Seeker's

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guidance Islamic Scholars Fund for your zakat.

"I really think this is one of the greatest causes one could support"

Mufti Ismail Menk