My father has two tenants, a Muslim and a Hindu. Both gave some security money which is to be returned after deducting any due rent at the end of rent contract if not renewed. He kept this money in a bank account which generates around 0.5 percent profit annually. Is he supposed to pay zakaah on this security amount?
Jul 28th, 2021
No, as this money is not his yet. It is there for safekeeping.
He must take the interest and give it to muslim charity.