How to Pay the Zakah on Installment Sales
Machine translationRead the Arabic original
Question:
Abu 'Abdullah says: Shaykh, I sell cars on installment that I own, and I want to pay the zakah on my installment business. I have specifically designated the month of Ramadan for this. How is this done?
Answer:
My brother, if the lunar year has passed, you must pay zakah on all your money, whether it is in your possession or owed to you by people. You total it up and pay zakah on it by giving one-quarter of one-tenth of it. Yes.
The presenter:
May Allah reward you.
Abu 'Abdullah says: Shaykh, I sell cars on installment that I own, and I want to pay the zakah on my installment business. I have specifically designated the month of Ramadan for this. How is this done?
Answer:
My brother, if the lunar year has passed, you must pay zakah on all your money, whether it is in your possession or owed to you by people. You total it up and pay zakah on it by giving one-quarter of one-tenth of it. Yes.
The presenter:
May Allah reward you.
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (065) لمعالي الشيخ صالح الفوزان بتاريخ [1435-08-27] - كبار العلماء — youtube.com (37:18)
The Arabic text is a machine transcription of the audio recording.