Assalam o Alikum Mufti Sahib, I have opened a saving account and a 90 days notice account with Islamic bank in UK based on Mudarabah contract (so I am partner for a profit as well as lose as well in the business), where I am Rab-ul-Maal and bank is Mudarib. Bank’s business is buying property give it on rent and/or letting money for customers to buy property based on renting contract with them i.e. buying property and renting them.
My question is, How will I give Zakat on money invested , Will I give zakat on investment and any profit from this business? Or shall I pay zakat on profit only as the business is renting property? As my understanding is that for renting property zakat is only eligible on rental income and not on original investment.
I contacted few learned people and they all said this required deep learning understanding of the matter or Ijtihad as its not a normal saving account but a Mudarabah contract where I share profit and lost on money invested for renting business. Any help in this regard will be appreciated. JazakAllah khair