Is zakah obligatory on money saved for trade if the market rises?
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, I invested an amount of approximately more than five hundred thousand riyals with partners. Then the market dropped more than three years ago, and what remains now is approximately one hundred thousand riyals. Is zakah due on it? Knowing that I am leaving it as is, hoping it will recover, even if it takes years?
Answer:
Yes, you pay zakah on what is present, whether it is little or much. You pay zakah on what is present if a year has passed over it, whether it is little or much. Leaving it until it increases or until it profits does not remove the right of the poor every year. Yes.
He says: Honorable Shaykh, may Allah grant you success, I invested an amount of approximately more than five hundred thousand riyals with partners. Then the market dropped more than three years ago, and what remains now is approximately one hundred thousand riyals. Is zakah due on it? Knowing that I am leaving it as is, hoping it will recover, even if it takes years?
Answer:
Yes, you pay zakah on what is present, whether it is little or much. You pay zakah on what is present if a year has passed over it, whether it is little or much. Leaving it until it increases or until it profits does not remove the right of the poor every year. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [2370 -2802] هل تجب الزكاة في المال المدخر للتجارة إذا ارتفع السوق - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.