What is the zakat payable on money in the case of having a rented apartment, and an amount in the bank exceeding the nisab, along with monthly installments equal to the value of the amount?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The rented apartment is subject to on its rent if the rent reaches the (threshold) and a hawl (full lunar year) passes over it, not on the apartment itself. As for the money deposited in the bank, debt does not prevent zakat on it if there are other assets, such as the rented apartment, that can be used to offset the debt. Therefore, zakat is obligatory on the amount in the account, and the debt installments are not deducted.
Summarized from the full answer at Ftawy · imported
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- 182685
- Imported
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