Calculating the zakah on the rental income from shops
Machine translationRead the Arabic original
Question:
He says: I have shops that I rent out on an annual basis, and the rent is paid in two installments every six months. The lunar year does not complete on the full amount. How is the zakah calculated for me, given that the amount is spent on paying off debts?
Answer:
The lunar year begins from the contract, from the lease contract. The lunar year begins from there. So if a year has passed since the lease contract, zakah becomes obligatory on it. However, if you spend it before the lunar year is completed from the contract, then there is nothing due on it.
He says: I have shops that I rent out on an annual basis, and the rent is paid in two installments every six months. The lunar year does not complete on the full amount. How is the zakah calculated for me, given that the amount is spent on paying off debts?
Answer:
The lunar year begins from the contract, from the lease contract. The lunar year begins from there. So if a year has passed since the lease contract, zakah becomes obligatory on it. However, if you spend it before the lunar year is completed from the contract, then there is nothing due on it.
Source
لقاء الجمعة بالطائف 12-11-1438هـ — alfawzan.live (13:14)
The Arabic text is a machine transcription of the audio recording.