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Zakat On Rental Income (Mortgage)
I have a question regarding Zakat on a rental property. I own a home in Canada that I rent out, while I live in a rental unit in Texas. Do I need to pay Zakat on my rental income, considering that I cover part of the expenses out of my own pocket, in addition to paying property taxes. The actual rental income is less than the mortgage payment so I have to pay from my own pocket to meet the mortgage payment. If yes what would be the ratio?
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1 Reply
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Zakat On Rental Income (Mortgage)
updated 4 months, 3 weeks ago
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As for my understanding, rental income is liable to zakat at 10%.
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