Zakah on merchandise for trade.

The Shaykh : The third: merchandise for trade. The third: merchandise for trade. So what does "merchandise" mean? Merchandise means: that which is displayed. It is that in which a person has no intention of keeping it for himself; rather, his intention is profit. As for the capital itself, he has no intention of keeping it; his intention is profit. So any wealth that a person prepares for profit through buying and selling is merchandise for trade. Now, a man has a car dealership. The car itself does not have zakah on it. But this man trades in cars; he has a dealership. Is there zakah on it? Why? Because it is displayed, displayed, and he does not want the car for himself; he wants to trade in it. Perhaps this month he trades in cars, and the next month he trades in machines. Is that not so? Because he is a merchant; he has no purpose with the item itself, his purpose is profit. Good. A man has a car, he is pleased with it, so he buys another and puts this car in the dealership, and it stays there for a full year. Is there zakah on it? There is no zakah on it, because the man is not a car trader. The man has a car, he is pleased with it, and he wants to sell it. Good. A man has a plot of land granted by the government, and he gave it to the owner of a real estate office. He gave it to the owner of the real estate office to sell it. Is there zakah on it? No. Why? The man is not a land trader, he is not a land trader. But this is land he was given and wants to sell; there is no zakah on it, because merchandise for trade, may Allah reward you, is that in which a person trades. Now, for example, a shop owner has fabrics for sale. Is he obligated to pay zakah on them or not? He is obligated to pay zakah because he trades; he buys this type of fabric today and another type the next day. Good. A man among the people has fabric with him to sell along with his own fabric. Is there zakah on the second one, the one who placed his fabric, while he is not a merchant? No. Look now. For example, this fabric on the right has zakah on it. This fabric on the left does not have zakah on it. Why? Because this is merchandise for trade. And the other is not merchandise for trade. Good. Does merchandise for trade include a man who has electrical appliances, or does it not? If he trades in them? Does it include them? Yes, it includes them, because merchandise for trade is not restricted to a specific type of wealth. It may be land, it may be electrical tools, it may be machines, it may be cars, it may be fabrics, it may be vessels, it may be dates. The important thing is that it is not restricted to a specific wealth. It has a criterion, but it has no limit. What is the criterion? That he prepares it for trade. Good. A man has many buildings, he rents them out, and he benefits from their rent one or two million every year. Is there zakah on them? I am asking about the buildings? There is no zakah on them, because the man wants the buildings to remain. But a man who is a real estate owner, who buys a building today and sells it tomorrow. Is there zakah on it? There is zakah on it. For this reason, merchandise for trade confuses some students of knowledge. But if you know the criterion, it becomes easy for you. Good. If a person is hesitant, he says: I do not know, by Allah, whether I will trade in it or keep it. For example, he has land and says: I do not know whether I will trade in it or keep it and build a building on it. Is there zakah on it or not? There is no zakah on it, because the original ruling is that zakah is not obligatory until the intention becomes pure for the desire to trade. Good. What is its nisab? Meaning: after we know that merchandise for trade has zakah, what is its nisab? We say: if he has dirhams, he adds them to the dirhams. So if we estimate that he has half the nisab of silver and half the nisab of merchandise. Is there zakah on it or not? Understand the question. He has half the nisab of silver, half the nisab of merchandise. There is zakah on it. There is zakah on it. The merchandise is added to the silver. Why? Because the intention of the owner of the merchandise is the silver, the value; he has no intention regarding the item at all. What is his intention? The value. Good. A man has two cars: one for riding, and the second for hire. No. We say three. And the third buys and sells cars. Pay attention now: a car for riding, a car for hire, a car for trade. Good. The first one has no zakah on it. The second one has no zakah on it, but the zakah is on its rent. Its rent may be substantial. The third one has zakah on it in its substance, meaning: that he estimates the value of this car when the lunar year completes and pays its zakah, clear? Good.