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The question

Is zakat obligatory on residential properties if their value is exorbitant, and how is this zakat estimated?

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

There is no on houses owned for dwelling, no matter how high their value; this is based on the words of the Prophet, peace and blessings be upon him: "There is no (Zakat) on a Muslim's slave or his horse." This is a foundational principle indicating that wealth acquired for personal use (that which is held for benefit) is not subject to Zakat, as it is occupied by essential needs and is not intended for growth.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
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Ftawy
Original fatwa ID
33116
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