Zakah on Installment Sales
Machine translationRead the Arabic original
Question:
Honorable Shaykh, a questioner says: I work in the business of installment sales. How is the zakah on installment sales business paid out?
Answer:
Installment sales are like any other type of trade. For money, a quarter of a tenth (2.5 percent) is paid. For goods, they are valued at the end of the lunar year based on their value. When the lunar year has passed, they are valued at what they are worth, and a quarter of a tenth is paid. Debts are also subject to zakah, whether they are due in a single term or in installments. They are also paid with the money he has on hand; he adds them to the money he has and pays the zakah on the whole, because it is his property. Yes.
Honorable Shaykh, a questioner says: I work in the business of installment sales. How is the zakah on installment sales business paid out?
Answer:
Installment sales are like any other type of trade. For money, a quarter of a tenth (2.5 percent) is paid. For goods, they are valued at the end of the lunar year based on their value. When the lunar year has passed, they are valued at what they are worth, and a quarter of a tenth is paid. Debts are also subject to zakah, whether they are due in a single term or in installments. They are also paid with the money he has on hand; he adds them to the money he has and pays the zakah on the whole, because it is his property. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (059) لمعالي الشيخ صالح الفوزان بتاريخ [1435-07-22] - كبار العلماء — youtube.com (39:56)
The Arabic text is a machine transcription of the audio recording.