Is Zakaat due on Cars given on Rent? – Dr Zakir Naik

Is Zakaat due on Cars given on Rent? – Dr Zakir Naik
Epi_19_11

Yusuf Chambers: Is there any Zakaat on rental cars and vehicles that companies own for moving products?

Dr. Zakir: As far as possessing vehicles given on rent the same view is used as houses on rent, the same thing. So majority of the scholars say that if its vehicle given on rent, no Zakaat is there on that vehicle, fine if it’s a taxi driver who is a poor person who has one taxi and his earnings is just a few 100 dollars a month or a few thousand rupees a month but natural you pay Zakaat on the cost of the vehicle, on the taxi, it will be too much for him so I agree that there should be no Zakaat on the cost of the vehicle but on the other hand if you have a person who owns a fleet of cars may be a thousand cars, you know we have Hertz and these big-big companies who own thousands of cars, now for them that itself becomes an asset, you know, they give on rent and they keep on buying every few months hundreds and thousands of cars so I believe that if it’s a fleet of cars and if it is given on rent then the cost price, the depreciated cost price, don’t take the cost at which you have bought the car, take the depreciated cost every year keep on taking out depreciation but give it at that value, you give 2½% Zakaat, that will be preferable. So I agree more with those same group of scholars Shaikh Qardawi, Ibn Aqueel, Ibn ul Arbi, Shaikh Abu Zohra, Abdur Rahman Al Hassan and all these group of scholars.

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