Prayers & Duties >> Zakat & Charity
Question ID: 37867Country: India
Answer ID: 37867
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 584/496/B=1433) When you have not bought the flat with the intention of business rather you have decided to rent the flat then zakah shall not be wajib on the price of that flat. But as far as the rent which you receive is concerned, if after yearly expenditure something remains from it and it is equal to nisab or you already own nisab then it is shall be wajib for you to pay fortieth part of it as zakah.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India