Valuing trade goods for zakah at the purchase price or the selling price
Machine translationRead the Arabic original
Question:
The questioner asks: In valuing trade goods for zakah, are they valued at the purchase price, or at the selling price?
Answer:
They are valued according to the market price when the lunar year of possession is completed. The goods are valued according to what they are worth in the market at that time, not according to the value for which he purchased them. Rather, one looks at what they are worth when the lunar year of possession is completed, and then they are valued and zakah is paid on them. Yes.
The questioner asks: In valuing trade goods for zakah, are they valued at the purchase price, or at the selling price?
Answer:
They are valued according to the market price when the lunar year of possession is completed. The goods are valued according to what they are worth in the market at that time, not according to the value for which he purchased them. Rather, one looks at what they are worth when the lunar year of possession is completed, and then they are valued and zakah is paid on them. Yes.
Source
مجالس رمضان 1428هـ - 05 — alfawzan.live (33:33)
The Arabic text is a machine transcription of the audio recording.