When does the year begin for rent received on real estate? Is it from the time of signing the contract or from the time of receiving the first payment of rent?
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4,52815/06/2020
When does the year begin for working out zakaah on rent received – is it from the time of signing the contract or from the time of receiving the first payment?
Question: 132521
Answer
Praise be to Allah, and peace and blessings be upon the Messenger of Allah and his family.
The year for rent received on real estate begins from the time of signing the contract.
And Allah is the source of strength. May the blessings and peace of Allah be upon our Prophet Muhammad and his family and companions. End quote.
Shaykh ‘Abd al-‘Azeez ibn ‘Abdillah ibn Baaz, Shaykh ‘Abd ar-Razzaaq ‘Afeefi, Shaykh ‘Abdullah ibn Ghadyaan
Fataawa al-Lajnah ad-Daa’imah, 9/347.
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Source:
Shaykh ‘Abd al-‘Azez ibn Baz Fatawa Noor ‘ala ad-Darb
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