Does one who has a quantity of olive oil for trade, whose sale has been delayed and which has been in his possession for a full year, have to pay zakah on it?

The Shaykh: For example, regarding trade goods for the one who says that zakah is due on them: this is earnings in a specific month, amounting to thousands. So he does not pay zakah on this until a lunar year has passed over it and he appraises what he has. And the one who says there is no zakah on trade goods is even more correct. Then another analogy: this is like a man who received, for example, a thousand dinars. He must wait for a lunar year to pass over it before he pays the zakah. The tanks that accumulated with him during the olive season, in the span of one, two, or three months—I do not know how long the olive pressing lasts—provided him with oil worth a thousand dinars. He owes nothing on them. But if he sells them and they turn into cash, and he puts it in his box and a lunar year passes over it, then it is known that he owes zakah.

The questioner: The tanks of oil remained in his possession for a full year and he did not sell them.

The Shaykh : He owes nothing.

The questioner: He also owes nothing.