ZAKAH ON PROPERTY AND RENTAL INCOME
Q: Do I pay zakah on my house or personal car?
A: No, if they are for personal use, no zakah is due.
Q: What if I’m in real estate and buying/selling houses as business?
A: Yes, zakah is due:
- Add the market value of unsold properties at your zakah date.
- Combine this with cash and savings.
- Pay 2.5% on the total.
Q: What about a rental property?
A: You pay zakah only on the rental income, not the property’s value.