The Shari'ah method for paying the zakah of a company that has receivables and payables.
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Question:
I am the owner of a company and I want to know what is due from this company in zakah, but this company has debts in the market and it has receivables in the market, so what is the Shari'ah method for me to pay the zakah?
Answer:
Answer: The method is that you pay zakah on your wealth, whether it is in your possession (your cash box) or in the bank, or the debts that people owe you. You pay zakah on the debts that people owe you.
I am the owner of a company and I want to know what is due from this company in zakah, but this company has debts in the market and it has receivables in the market, so what is the Shari'ah method for me to pay the zakah?
Answer:
Answer: The method is that you pay zakah on your wealth, whether it is in your possession (your cash box) or in the bank, or the debts that people owe you. You pay zakah on the debts that people owe you.
Source
www.alfawzan.af.org.sa
The Arabic text is copied verbatim from the original source, without any edits.