Jamiat KZNJamiatul Ulama KZN

Zakat FAQs (15/19)

9 May 2019English

*Islamic RulingsFatwaFiqhzakat

Question

I have a business, do I have to pay Zakāt on anything?

Answer

Zakāt is compulsory on one’s business stock and will be calculated according to the retail price of the goods. There is no zakat upon the fixed assets in a business.

Answered by: Mufti Faraz al-Mahmudi

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