How to Calculate the Zakah on Real Estate, Including Land and Buildings
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Question:
The questioner says: Honorable Shaykh, peace be upon you and Allah’s mercy and blessings. We love you for the sake of Allah. My question is about how to calculate the zakah on real estate, whether it is land or buildings?
Answer:
For real estate and land prepared for sale, if a lunar year has passed since you bought it, you must appraise it at its current market value and pay zakah on that value. As for real estate intended for rental, such as renting out buildings, apartments, or shops, the zakah is due only on the rental income, not on the property itself, because it is no longer held for sale but rather for leasing. Yes.
The questioner says: Honorable Shaykh, peace be upon you and Allah’s mercy and blessings. We love you for the sake of Allah. My question is about how to calculate the zakah on real estate, whether it is land or buildings?
Answer:
For real estate and land prepared for sale, if a lunar year has passed since you bought it, you must appraise it at its current market value and pay zakah on that value. As for real estate intended for rental, such as renting out buildings, apartments, or shops, the zakah is due only on the rental income, not on the property itself, because it is no longer held for sale but rather for leasing. Yes.
Source
مجالس رمضان 1428هـ - 06 — alfawzan.live (26:14)
The Arabic text is a machine transcription of the audio recording.