I bought a house for the purpose of investment, and more than a year has passed since I bought this house, and I have not rented it out or invested in it. Is there any obligatory zakah due on it, and is the zakah paid on the capital?

The questioner : He says:The questioner : I bought a house for the purpose of investment, and more than a year has passed since I bought it, and I have not rented it out or invested in it.

The Shaykh : What? What?

The questioner : I bought a house for the purpose of investment, and more than a year has passed since I bought this house, and I have not rented it out or invested in it. Is there any obligatory zakah due on it? And is the zakah paid on the capital?

The Shaykh : Through what?

The questioner : On the capital, the house.

The Shaykh : Through.

The questioner : Away, away.

The Shaykh : First, you must know that real estate prepared for investment does not have zakah, even if its value reaches millions. So if we assume that a merchant puts his money in real estate to rent it out and invest in it, he owes nothing on these properties, based on the saying of the Prophet (peace and blessings be upon him): . These properties are taken by a person for himself; he wants to invest in them, but the zakah is on the rent. If a lunar year of possession has passed from the contract, he must pay its zakah, if it remains. If it does not remain, he owes no zakah, because some people, when the rent comes to them, collect it and buy another property with it before a lunar year of possession has passed from the contract. So we say he owes no zakah because the money did not remain with him until a lunar year of possession had passed. Yes.