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The question

Is Zakat obligatory on an apartment that was bought with money saved from selling a car and is fully rented out to improve income?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

is obligatory on wealth when it reaches the (minimum threshold) and a hawl (full lunar year) has passed on it. It is not obligatory on cars, houses, and similar items that are for personal use and not for trade. Therefore, there is no zakat on the apartment itself. Zakat is only obligatory on its rent if it reaches the nisab and a hawl has passed on it. Spending it before that time negates the zakat obligation.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Ftawy
Original fatwa ID
103089
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy