Zakah on the real estate and equipment intended for rental

349

A: As for that which was intended for rental, whether real estate, equipment, and so on, it is Wajib (obligatory) to pay Zakah on the rental that remains in one's possession for a Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due) from the date of the contract provided the rental reaches the Nisab (the minimum amount on which Zakah is due). The due amount of Zakah is 2.5%.Zakah is not due on the rental money spent before the Hawl or the original assets intended for rental.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.