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Zakaah on Goods of Trade
He Does Not Have Cash to Pay Zakah on Trade Goods
You must pay Zakah on the land which has been in your possession for a year. You have to determine the value of the land at the end of the year and pay one-quarter of ten percent. If you do not have cash to pay the Zakah on trade goods, then it becomes a debt that you owe and must be paid whenever possible.SaveThere is nothing wrong with paying the zakah on trade goods in goods themselves
SaveHe put his building up for sale and sold it a year later. Does he have to pay zakaah on it?
SaveZakaah on shares
SaveZakah on shares in real state companies
SaveHe is asking about paying zakah on the profits of a company only
SaveThe difference between shares and stocks
SaveAre printing materials subject to zakah?
SaveDo We Pay Zakah on Shares?
1- If the shareowner intends to trade in shares and make a profit, then zakah is due on the commercial shares, both on the price of the share and on its profit. 2- Zakah is due on profits from manufacturing companies if it reaches the nisab and one year has passed, but no zakah is due on shares in such companies except for the cash reserves of the company. 3- In the case of agricultural companies, zakah is due on the value of the shares in crops or produce, if they are of types on which zakah is due, subject to the condition that the amount of shares reaches the nisab, which is 300 saas. zakah is also due on the value of shares in the company’s cash reserves. 4- Zakah on shares in companies is one-quarter of one-tenth, i.e., 2.5%.SaveIs the value of trade goods based on the selling price or the purchase price?
Save