zakat is due on rent and not property itself

I live and work in Saudi Arabia. My home in England is rented out and I receive rent from it on a monthly basis. My understanding is that Zakat is due on the rent that I receive not on the value of the property itself. Is this correct?

Answer:



Wa Alaykum Assalam wa Rahmatullah wa Barakatuhu,

Yes, your understanding is correct: zakat is due on your rent (accounted with the rest of your zakatable wealth), not on the value of the property itself.

Faraz Rabbani