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Are real estate agents obliged to pay zakat for the real estate they have?

April 26, 2017agents obliged pay Real Estate Zakat

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Are real estate agents obliged to pay zakat for the real estate they have?

1 Answer

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10 Posted

The flats that real estate agents buy and sell in order to make profit are subject to zakat. The property that are owned by real estate agents except the office they work in and the house/flat they live in are subject to zakat, and it is necessary to pay zakat for them when one year passes after obtaining them after deducting their debts as 1/40.