Zakat For Merchants/Traders

Written in

by



Shaykh Shadee Elmasry:

– Those who buy stock/inventory
– Intending to sell it regularly
– Obliged to pay zakat (charity)
– Even those buying & selling homes
– Should select a day within the year
– Compile a list of all inventory
– Calculate the total market value
– Not the purchase price
– Deduct all debts from this amount
– Divide the remaining value by 40
– Pay zakat accordingly
– Know exactly what you own

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Moro Blanco

A place where I write, compile, and share things that interest me from a wide range of topics.