Zakah on Installment Sales and Automobiles
Machine translationRead the Arabic original
Question:
A questioner says: I deal in my business through installment sales, and for my whole life I have been selling and buying cars and other heavy vehicles. How do I pay the zakah on my installment business for these cars?
Answer:
Yes, it is obligatory for you to pay zakah on the money and the goods you have held for a full lunar year that you intend to sell, such as cars and others. For the money, you pay one-quarter of one-tenth. As for the cars and goods, you appraise them at their current market price when the lunar year is completed, and you pay zakah on their appraised value, which is also one-quarter of one-tenth. Yes.
A questioner says: I deal in my business through installment sales, and for my whole life I have been selling and buying cars and other heavy vehicles. How do I pay the zakah on my installment business for these cars?
Answer:
Yes, it is obligatory for you to pay zakah on the money and the goods you have held for a full lunar year that you intend to sell, such as cars and others. For the money, you pay one-quarter of one-tenth. As for the cars and goods, you appraise them at their current market price when the lunar year is completed, and you pay zakah on their appraised value, which is also one-quarter of one-tenth. Yes.
Source
نور على الدرب - الفوزان - 03/033 — archive.org (6:32)
The Arabic text is a machine transcription of the audio recording.