Zakat on money that is invested in trade
Question Asalamu Alaykum. I have a certain amount of money. The whole amount is above the nisaab. However, part of it is in the trade business. In calculating the current year’s Zakat, do I have to include the amount that’s not back yet from the trade; or should I only calculate the Zakat upon what…
Question
Asalamu Alaykum.
I have a certain amount of money. The whole amount is above the nisaab.
However, part of it is in the trade business. In calculating the current
year’s Zakat, do I have to include the amount that’s not back yet from the trade; or
should I only calculate the Zakat upon what I currently have with me at this point of
time.
Jazakum Allahu khayran
I have a certain amount of money. The whole amount is above the nisaab.
However, part of it is in the trade business. In calculating the current
year’s Zakat, do I have to include the amount that’s not back yet from the trade; or
should I only calculate the Zakat upon what I currently have with me at this point of
time.
Jazakum Allahu khayran
Praise be to Allah.
If one year has passed since you have possessed this wealth, you should
pay zakaat on it, whether it is on hand or is invested in trade. If you have earned some
profit on it, the zakat for that is due when the zakat on the original amount is due. And
Allaah knows best.
