Paying Zakah on the wealth of minors

Q 2: Is it obligatory to pay Zakah on the wealth of minors? If it is obligatory, should the Zakah be taken from the wealth itself and monthly rental revenue, after expenditures are deducted? Should Zakah be paid upon the remaining net money?

A: Zakah is obligatory upon the wealth of young Muslims that is liable to Zakah after they have owned it for a lunar year. When the Zakah is due, it should to be paid from the wealth that they have had for a full lunar year. It is also obligatory to pay Zakah upon any profit from this wealth, (Part No. 9; Page No. 413) without waiting for another year, even if the profit has other liabilities, such as paying living expenses for the coming year. As for the necessary expenditures, they are better deducted before the year has elapsed by buying clothes and food, repaying debts, and the like. As for rent, no Zakah is due upon it until a lunar year has elapsed from the date of the lease contract.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.