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The question

Is Zakat obligatory on an apartment that was purchased for a daughter with the intention of selling it in the future to cover her marriage expenses, knowing that it is currently rented out to cover living expenses?

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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 an apartment purchased with the intention of selling it in the future, because it is considered a trade commodity. The apartment is to be appraised when a full year has passed since the original capital with which it was purchased, and its zakat is to be paid at one-quarter of one-tenth (2.5%) of its value. Similarly, zakat on the rent becomes obligatory when a full year has passed on it, and it can be paid along with the zakat on the value of the apartment.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
171419
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