On whom is zakah due if the partners separate?
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Fatwa number ( 13148 )
Q: I inform your Eminence that I entered into a partnership with a partner with a capital of seventy thousand riyals (70,000), which the partner paid from his own money, and I did not pay anything. We agreed that he would give me half the profit every year in exchange for my management and supervision of the store. After one year, we paid out the known zakah of 2.5% on the contents present, and the profits were not distributed. In the following year, we disagreed, and he sold me what was in the store for one hundred and twenty thousand riyals (120,000), and I became indebted to him. Please inform us: On whom is zakah obligatory, on me the buyer or on the seller? May Allah reward you with the best reward and guide us to the truth in performing this pillar, and may Allah preserve you.
A: If the matter is as mentioned, then zakah is obligatory on you on the money of the store from the date of your purchase and your ownership of the place, if a lunar year has passed. Likewise, zakah is obligatory on you on your share of the profits before you purchased the place, if it reached the minimum threshold and a lunar year passed over it.
And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his companions.
Q: I inform your Eminence that I entered into a partnership with a partner with a capital of seventy thousand riyals (70,000), which the partner paid from his own money, and I did not pay anything. We agreed that he would give me half the profit every year in exchange for my management and supervision of the store. After one year, we paid out the known zakah of 2.5% on the contents present, and the profits were not distributed. In the following year, we disagreed, and he sold me what was in the store for one hundred and twenty thousand riyals (120,000), and I became indebted to him. Please inform us: On whom is zakah obligatory, on me the buyer or on the seller? May Allah reward you with the best reward and guide us to the truth in performing this pillar, and may Allah preserve you.
A: If the matter is as mentioned, then zakah is obligatory on you on the money of the store from the date of your purchase and your ownership of the place, if a lunar year has passed. Likewise, zakah is obligatory on you on your share of the profits before you purchased the place, if it reached the minimum threshold and a lunar year passed over it.
And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his companions.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.