Zakah on Commercial Establishments and Real Estate
Machine translationRead the Arabic original
Question:
This is Muhammad Yahya. He says: I own commercial establishments and real estate. Is zakah due on them? May Allah bless you. And am I allowed to pay the zakah if it has been delayed for two years?
Answer:
If you intend to keep the establishments for rental, then zakah is due on the rent. If a lunar year has passed since the contract, zakah is due on the rent for that year or more. As for the establishments themselves, there is no zakah on them unless you intend to sell them. If you intend to sell them, they become trade goods, so they are appraised and zakah is paid on them. But if you do not intend to sell them and only want to utilize and invest them through rental, then the zakah is on the rent.
The presenter:
May Allah reward you,
This is Muhammad Yahya. He says: I own commercial establishments and real estate. Is zakah due on them? May Allah bless you. And am I allowed to pay the zakah if it has been delayed for two years?
Answer:
If you intend to keep the establishments for rental, then zakah is due on the rent. If a lunar year has passed since the contract, zakah is due on the rent for that year or more. As for the establishments themselves, there is no zakah on them unless you intend to sell them. If you intend to sell them, they become trade goods, so they are appraised and zakah is paid on them. But if you do not intend to sell them and only want to utilize and invest them through rental, then the zakah is on the rent.
The presenter:
May Allah reward you,
Source
نور على الدرب - الفوزان - 03/274 — archive.org (15:46)
The Arabic text is a machine transcription of the audio recording.