How is the zakah on trade goods calculated?
Machine translationRead the Arabic original
Question:
A questioner says: Honorable Shaykh, I am a merchant and I have shops for selling ready-made clothing. The lunar year for zakah has passed for me. How do I calculate the zakah of the company, including its goods, cash, and assets? Thank you.
Answer:
Allah, the Most Merciful, the Bestower of Mercy. Praise be to Allah, Lord of the worlds, and may Allah send prayers and blessings upon our Prophet Muhammad, and upon his family and all his Companions. As for what follows, zakah is one of the pillars of Islam. The questioner mentioned that he has goods for sale and he has cash. When the lunar year has completed on his capital, he must appraise what he has, meaning he values his goods and merchandise at their current market price. He adds their assessed value to the cash he has, and he pays the zakah on the total, which is one-quarter of one-tenth of the whole. Yes.
A questioner says: Honorable Shaykh, I am a merchant and I have shops for selling ready-made clothing. The lunar year for zakah has passed for me. How do I calculate the zakah of the company, including its goods, cash, and assets? Thank you.
Answer:
Allah, the Most Merciful, the Bestower of Mercy. Praise be to Allah, Lord of the worlds, and may Allah send prayers and blessings upon our Prophet Muhammad, and upon his family and all his Companions. As for what follows, zakah is one of the pillars of Islam. The questioner mentioned that he has goods for sale and he has cash. When the lunar year has completed on his capital, he must appraise what he has, meaning he values his goods and merchandise at their current market price. He adds their assessed value to the cash he has, and he pays the zakah on the total, which is one-quarter of one-tenth of the whole. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 7148- كيف تخرج زكاة عروض التجارة؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.