Why are carpentry and blacksmithing not considered trade goods?
Machine translationRead the Arabic original
The questioner : A questioner asks: Why are carpentry and blacksmithing not considered trade goods?
The Shaykh : Yes, because trade goods are assets that are bought and sold with the intention of making a profit. That is why they are called "arud" (trade goods), the plural of "ard" (a trade item), and an "ard" is something that is offered and then gone. As for carpentry tools, blacksmithing tools, sewing machines, and the like, they remain and are not things that are offered and then gone. Therefore, if we suppose that a man who has a blacksmithing tool is a person who makes a living through tools and blacksmithing, and he buys this tool intending it for trade, then zakah becomes obligatory on the original value of this tool because it is a trade good, and also on its investment if a lunar year has passed over it.
The Shaykh : Yes, because trade goods are assets that are bought and sold with the intention of making a profit. That is why they are called "arud" (trade goods), the plural of "ard" (a trade item), and an "ard" is something that is offered and then gone. As for carpentry tools, blacksmithing tools, sewing machines, and the like, they remain and are not things that are offered and then gone. Therefore, if we suppose that a man who has a blacksmithing tool is a person who makes a living through tools and blacksmithing, and he buys this tool intending it for trade, then zakah becomes obligatory on the original value of this tool because it is a trade good, and also on its investment if a lunar year has passed over it.
Source
اللقاءات الرمضانية لعام 1412هـ - 2 — binothaimeen.net (38:40)
The Arabic text is a machine transcription of the audio recording.