Prayer Times
Zakaten

Is a real estate agent required to pay zakat on properties they personally own?

Shejire Editorial

AnswerEditorialShejire Editorial

Properties that real estate agents buy and sell for commercial purposes are subject to zakat. Accordingly, if the properties held by real estate agents for the purpose of buying and selling reach the nisab value after deducting debts and one lunar year has passed, they are subject to zakat at the rate of one-fortieth (2.5%). (Kâsânî, Bedâ’i, 2/20) It is not necessary that a full year has passed for each individual property. Therefore, after becoming liable for zakat, any property acquired is included in the calculation together with other goods and properties, and zakat is paid accordingly. When giving zakat on such properties, their current market value at the time of zakat calculation is taken as the basis.

Source: T.C. Diyanet İşleri Başkanlığı, Din İşleri Yüksek Kurulu

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Answers here are written by users and are not official religious rulings. For a binding ruling, consult a qualified religious authority.

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