Zakah on trade goods: is it calculated on the cost price or the current value?
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The questioner : My question regarding the zakah on trade goods is whether it is calculated based on the current value or the cost of the goods.
The Shaykh : It is paid based on the current value. For example, if you bought it for one thousand and sell it for two thousand, you pay zakah on the two thousand.
The questioner : May Allah reward you with good.
The Shaykh : It is paid based on the current value. For example, if you bought it for one thousand and sell it for two thousand, you pay zakah on the two thousand.
The questioner : May Allah reward you with good.