Question:

I own a house which I rent out.  Do I have to give zakāt on that property?

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. 

In essence, only the following categories are zakātable:
1)     Gold and silver
2)     Cash
3)     Merchandise
4)     Agricultural produce
5)     Animals and livestock

A property on lease is not subject to zakāt.[1]  The rental received from the tenant will be added to one’s total wealth and will be subject to zakāt.

And Allah Ta’āla Knows Best

Mufti Faraz Adam
www.darulfiqh.com