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Fatawaa

Subject :
Fatwa Number : 1209
Classified : Zakat on Trades
Fatwa Type : Summarized Fatawaa

Question :

How to pay Zakah(obligatory charity) on articles of merchandise?


The Answer :

Articles of merchandise are estimated by their whole sale market price at the end of each lunar year, and (2.5%) of their value is paid as Zakah whether it(value) went up, or down compared to actual purchasing price, and whether the increase(profit) was in the article itself such as an increase in the animal`s weight, or in the prices themselves.






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