What are the assets subject to zakat from the remaining funds (3 million liras) and the share of the shop rented for commercial business, knowing that the house rented for residential purposes is not subject to zakat?
is obligatory on the three million [currency units] upon the completion of a hawl (one lunar year). Zakat is also obligatory on her share of the shop's merchandise intended for trade. She should assess its value upon the completion of a hawl and pay one-quarter of one-tenth (2.5%) of its value. The profit from trade follows the original capital in terms of Zakat. As for the shop's furnishings that are not intended for trade, there is no Zakat on them. There is no Zakat on a rented house, nor on its rent, as long as she spends it before the completion of a hawl. However, if the rent remains and a hawl passes over it, then Zakat becomes obligatory on it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Original fatwa ID
- 110886
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- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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