Text copied Link copied

Al-Fatawa – home

﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

Scholar
Search mode

If a person who owns a trading business, buying and selling, purchases a commodity ten days before the completion of the lunar year, does he pay zakah on it or not until the year passes?

Machine translationRead the Arabic original
The Shaykh : If a person who owns a trading business, buying and selling, purchases a commodity ten days before the completion of the lunar year, do we tell him, "Do not pay zakah on it until the year is complete," or do we tell him, "Pay zakah on it when the year of your ownership is complete, even if it has only been ten days"? Is it the second option or the first? Do you understand the question? All right, this is a man who owns a trading business, buying and selling in goods. He purchased a commodity ten days before the completion of the lunar year from the funds he was circulating in his buying and selling. He bought it ten days before the completion of the lunar year, and the time for his zakah has arrived. Does he pay zakah on this commodity or not? He pays zakah on it. Yes, because this commodity is a trade good, and trade goods do not require the completion of a lunar year if they were purchased with funds for which the year has already completed. This is a matter that confuses some people, which is why they ask about it frequently. They say, "I have commodities that I did not purchase until ten days or a month before the completion of the lunar year. Do I pay zakah on them?" We say, yes, you pay zakah on them, because these were purchased with what? With previous funds for which the lunar year has already completed. All right, how many categories are these? Three categories: gold, silver, and trade goods.
Source alathar.net

The Arabic text is copied verbatim from the original source, without any edits.

Similar fatwas