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Zakat On Commercial Property Generating Rent
Salaam,
Brothers I want to know the zakah calculation about commercial property. I have a commercial property which give me rent monthly and there is another commercial property which I use as office which is not on rent.
Tell me how much zakah I have to pay.
Value of property 2.5% yearly + 10% monthly on actual rent? And the property which is not giving me rent I have to pay 2.5% annually which I’m using for personal work.
Kindly help
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1 Reply
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Zakat On Commercial Property Generating Rent
updated 4 months, 3 weeks ago
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Only 10% production Zakat is applicable on monthly rent (if both labour and capital are being expended).
The commercial property which is generating rent will be considered a means of production, hence its value is exempt from Zakat.
Similarly the property used as a office is considered as items of personal use, hence it is also exempt from Zakat.
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