Is Zakat Prescribed on the Apartments?

Query: Al Salamo Aleikom. I wish to inform if I have to pay Zakat for a single apartment that I own but not living in it and also I am not renting it. I have another apartment that I currently live in and my financial situation can allow me to pay Zakah for the empty apartment. But I need to know if Zakat include this kind of payments and how to calculate it. Thank you.

Answer

Zakat is not prescribed on the apartments; however, if the rent is added to your total savings and reached “nisab”; which is the minimum amount for which a Muslim is obligated to give zakat, you will need to pay 2.5% of the total savings as Zakat. Allah Knows best.

Sources: Al-Azhar Al-Sharif

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