Is zakat on wealth paid from the profit or from the principal?
Machine translationRead the Arabic original
The questioner : I do not think Abu Yahya means this.
Another questioner : He looks at all the cash that remains at the end as profit.
The questioner : Exactly, Shaykh, I mean two things.
The first thing: the cash you took out, regardless of whether it is profit or capital, once you take it in cash and it reaches your nisab, you pay zakat on it when a lunar year has passed. What remains in the company is not profit; it is not considered as existing cash. Whether it is reserve profit or the capital you want to withdraw, this cash, when a lunar year has passed on it, what does it concern you? You pay it, so it is no longer profit; it is the liquid cash on which you pay...?
The Shaykh : Of course.
The questioner : Why was I searching and making things up?
The Shaykh : What do I want in it? Heh, I am...
The questioner : I am trying to say that profit does not necessarily have to be existing money; it can be any figure.
The Shaykh : What concerns us, Professor, in this regard?
The questioner : All right, I have clarified it for myself.
The Shaykh: There is no power nor strength except with Allah.
The questioner : I mean, I am now...
The Shaykh : May Allah reward you with good.
The questioner : I mean, I went back and thought about it.
The Shaykh : ... meaning.
Another questioner : He looks at all the cash that remains at the end as profit.
The questioner : Exactly, Shaykh, I mean two things.
The first thing: the cash you took out, regardless of whether it is profit or capital, once you take it in cash and it reaches your nisab, you pay zakat on it when a lunar year has passed. What remains in the company is not profit; it is not considered as existing cash. Whether it is reserve profit or the capital you want to withdraw, this cash, when a lunar year has passed on it, what does it concern you? You pay it, so it is no longer profit; it is the liquid cash on which you pay...?
The Shaykh : Of course.
The questioner : Why was I searching and making things up?
The Shaykh : What do I want in it? Heh, I am...
The questioner : I am trying to say that profit does not necessarily have to be existing money; it can be any figure.
The Shaykh : What concerns us, Professor, in this regard?
The questioner : All right, I have clarified it for myself.
The Shaykh: There is no power nor strength except with Allah.
The questioner : I mean, I am now...
The Shaykh : May Allah reward you with good.
The questioner : I mean, I went back and thought about it.
The Shaykh : ... meaning.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.