What is the ruling on zakah for properties prepared for rental?
Machine translationRead the Arabic original
Question:
He says: A rented residence costs three percent. Is zakah due on it? And what is the rate of zakah?
Answer:
Yes, for a residence, buildings, shops, or houses that are rented out, zakah is obligatory on the rent. It becomes obligatory when a lunar year has passed and the amount reaches the nisab (minimum threshold). The amount of zakah is one-quarter of a tenth, which is two and a half percent. In a thousand, it is twenty-five riyals. Yes.
He says: A rented residence costs three percent. Is zakah due on it? And what is the rate of zakah?
Answer:
Yes, for a residence, buildings, shops, or houses that are rented out, zakah is obligatory on the rent. It becomes obligatory when a lunar year has passed and the amount reaches the nisab (minimum threshold). The amount of zakah is one-quarter of a tenth, which is two and a half percent. In a thousand, it is twenty-five riyals. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم الزكاة على الأماكن المُعدة للإيجار؟ للشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.