masood
September 21st, 2008, 04:04
Zakaah is obligatory on four kinds of wealth:
1 - agricultural produce (grains, fruits, etc.);
2 - freely-grazing livestock and cattle;
3 - gold and silver (and their equivalents in modern currencies and bank-notes) - the zakaah on which is 2.5%;
4 - and trade goods.
Firstly:
You have to pay zakaah on all the wealth that you have in the form of cash or products offered for sale after one full (Hijri) year has passed, if their value meets the minimum threshold for zakaah (nisaab).
Fataawa al-Lajnah al-Daa'imah, 9/313.
Secondly:
The nisaab is twenty mithqaal of gold, i.e., eighty-five grams; or one hundred and forty mithqaal of silver (i.e., 595 grams).
Fataawa al-`Uthaymeen, 18/93.
If the value of the goods offered for sale, plus the cash money that you have is equal to one of these two nisaabs, gold or silver, then you have to pay zakaah.
Fataawa al-Lajnah al-Daa'imah, 9/257.
Thirdly:
How zakaah is to be calculated.
If one year has passed for the threshold, you should calculate how much money you have, and add to that the value of the goods offered for sale in the stationery store, then pay one-quarter of one-tenth (i.e., 2.5%) of the total, which you should give to those who are entitled to it of the groups mentioned in the verse (interpretation of the meaning):
"As-Sadaqaat (here it means Zakaah) are only for the Fuqaraa' (poor), and Al-Masaakeen (the poor) and those employed to collect (the funds); and to attract the hearts of those who have been inclined (towards Islam); and to free the captives; and for those in debt; and for Allaah's Cause (i.e. for Mujaahidoon - those fighting in a holy battle), and for the wayfarer (a traveller who is cut off from everything); a duty imposed by Allaah. And Allaah is All-Knower, All-Wise"
[al-Tawbah 9:60]
Fourthly:
With regard to the items that are for use in business, there is no zakaah on it, unless you have prepared it for sale.
Shaykh Ibn Baaz (may Allaah have mercy on him) said:
There is no zakaah on items that are for use, whether they are tools or other things. The basic principle is that whatever is prepared for sale is that on which zakaah is due. Tools or equipment used in the store are not subject to zakaah.
Fataawa Ibn Baaz, 14/184.
1 - agricultural produce (grains, fruits, etc.);
2 - freely-grazing livestock and cattle;
3 - gold and silver (and their equivalents in modern currencies and bank-notes) - the zakaah on which is 2.5%;
4 - and trade goods.
Firstly:
You have to pay zakaah on all the wealth that you have in the form of cash or products offered for sale after one full (Hijri) year has passed, if their value meets the minimum threshold for zakaah (nisaab).
Fataawa al-Lajnah al-Daa'imah, 9/313.
Secondly:
The nisaab is twenty mithqaal of gold, i.e., eighty-five grams; or one hundred and forty mithqaal of silver (i.e., 595 grams).
Fataawa al-`Uthaymeen, 18/93.
If the value of the goods offered for sale, plus the cash money that you have is equal to one of these two nisaabs, gold or silver, then you have to pay zakaah.
Fataawa al-Lajnah al-Daa'imah, 9/257.
Thirdly:
How zakaah is to be calculated.
If one year has passed for the threshold, you should calculate how much money you have, and add to that the value of the goods offered for sale in the stationery store, then pay one-quarter of one-tenth (i.e., 2.5%) of the total, which you should give to those who are entitled to it of the groups mentioned in the verse (interpretation of the meaning):
"As-Sadaqaat (here it means Zakaah) are only for the Fuqaraa' (poor), and Al-Masaakeen (the poor) and those employed to collect (the funds); and to attract the hearts of those who have been inclined (towards Islam); and to free the captives; and for those in debt; and for Allaah's Cause (i.e. for Mujaahidoon - those fighting in a holy battle), and for the wayfarer (a traveller who is cut off from everything); a duty imposed by Allaah. And Allaah is All-Knower, All-Wise"
[al-Tawbah 9:60]
Fourthly:
With regard to the items that are for use in business, there is no zakaah on it, unless you have prepared it for sale.
Shaykh Ibn Baaz (may Allaah have mercy on him) said:
There is no zakaah on items that are for use, whether they are tools or other things. The basic principle is that whatever is prepared for sale is that on which zakaah is due. Tools or equipment used in the store are not subject to zakaah.
Fataawa Ibn Baaz, 14/184.