Question
I have acquired property from which I derive rental income. Do I have to pay Zakaat on the property?
Answer
There is no Zakaat payable on the property you have acquired. Zakaat will be due on property only if the property is bought with the intention of reselling it.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 26 No 07
- PDF page
- 3
Appears under WOMEN AND THE ERROR OF A SHAIKH (approximate).