Dr. Mufti Syed Ziauddin Naqshbandi Mujaddidi Qadri
Shaykh Ul Fiqh, Jamia Nizamia; Founder - Director
Abul Hasanaat Islamic Research Center
Abul Hasanaat Islamic Research Center
Zakaat on things given out on hire
There is no Zakaat on things given out on hire. Instead, if the rent gained from them, including other forms of wealth, meets the prescribed criterion of Zakaat, then Zakaat is Compulsory on it, provided it is more than the basic needs and 1 year has passed on it.
Thus, there is no Zakaat on cars, cycles, houses, complexes, shops, articles hired out by supplying companies and all such things that are given out on hire. If the rent gained through them meets the prescribed criterion of Zakaat, then Zakaat is Compulsory on it.
As mentioned in Fatawa Qazi Khan, Vol. 1, Pg. No. 25