Mohammed Husain asked 9 months ago
If I have a rental property, am I obligated to pay khums on the increase in yearly equity on the property, or am I liable for khums only after selling the property when I actually realize a profit?
1 Answers
Fiqh Department Staff answered 9 months ago
بِسْمِ ٱللَّٰهِ ٱلرَّحْمَٰنِ ٱلرَّحِيمِ
السلام عليكم ورحمة الله وبركاته
We hope this message finds you in high Islamic spirits.
Since the value of the property can change, and you do not know exactly how much profit you gain on a yearly basis, the khums will apply to the profit at the time you sell the property.
Please login or Register to submit your answer