How to Calculate Zakat for Overseas Properties?
Hanafi Fiqh
Answered by Ustadh Tabraze Azam
Question
I own two properties overseas, alongside school debt, cash reserves, and an absence of income, while living with a husband who supports me, along with assistance from my father, who also holds savings in the bank. How would I determine the zakat obligation for the current year, given these circumstances?
Answer
I pray you are in the best health and faith, insha’Allah.
Zakat
Property is not zakatable unless purchased with a clear intention to sell. You would pay zakat if you are in possession of the zakatable minimum (nisab) above and beyond your immediate needs and debts. Your husband should calculate his zakat separately.
Please see:
And Allah alone gives success.
[Ustadh] Tabraze Azam
Checked and Approved by Shaykh Faraz Rabbani
Ustadh Tabraze Azam was born and raised in Ipswich, a small town on the east coast of England. He memorized the Quran in his youth and has led congregations in tarawih prayers at home and abroad. He earned his bachelor’s degree in computer science and management from the University of Leicester, where he served as the head of the university’s Islamic Society. Shortly after, he moved to Amman, Jordan, to study the Islamic sciences full-time with various distinguished traditional scholars. He is now an experienced teacher himself, answering religious questions regularly and teaching students of knowledge privately and online. He is pursuing advanced studies and specialization in Amman, where he resides with his wife and children.
