Fatwa ID: 04243

Answered by: Maulana Irfan Ali

Question

Asslamualaykum,

I have a question regarding Zakat. I bought a house 8 years ago and was living there peacefully until my elder son started misbehaving under the influence of bad friends.

We decided to move from that area and took equity from the house and bought a townhouse in another area a year ago and moved there and rented our old house.

Now I am concerned about how to calculate the Zakat in this case as I have to pay the mortgages of two houses and equity. Also, I have 10 tolas of gold.

Could you please advise me?

بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم

In the name of Allah, the Most Gracious, the Most Merciful

Answer:

The reason Zakat would become due on an individual is if one has gold to the value of 7.5 Tola or in weight or silver 52 grams in weight or the equivalent in value along with the passing of one complete lunar year.

Your above scenario would make Zakat valid in the following way; the rent you receive from the property once paying its mortgage the surplus cash along with the value of 10 Tola gold, after combining the value of both you will give 2.5%. (Kitabul Nawazil page 469 vol 6 Darul Ishat)

Only Allah knows best

Written by Maulana Irfan Ali

Checked and approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham