Dear respected Shaykhs,
May God bless you and send you His infinite mercy and grace.
I have a property that I rent out. Should zakat be paid on the value of the property?
With all best wishes, and thanks,
There is no Zakat on a property owned with the intention to use or rent it. The aim here is not to to own and sell the property to earn capital gains.
Imam Senad Agić
SABAH – Chicago
9920 Grand Ave
Franklin Park IL 60131