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Answers: 13Subcategories: 2Zakah ‘urood al-tijaarah (Zakah on trade goods)
Is There Zakah Due on Factory Products?
Zakah is due on the products that are ready for market, and also on the raw materials because they were bought with the intention of processing them and trading in them. Zakah must be paid on gold, silver and cash, and also on trade goods, livestock and anything extracted from the ground. Zakah must also be paid on the balances in the bank. Zakah must also be paid on debts that are owed to you by others.3,183How is the hijri year worked out for trade goods if they were bought with cash?
2,383How to Give Zakah on Computer Apps and Software Programs
If you develop computer apps and software programs and offer them for sale and they reach the nisab, then you must work out their value based on the current market value and give 2.5% as the due zakah. If the program is not for sale; rather the one who wants it may use it in return for a payment, whilst ownership remains in the hands of the producer, then that is not subject to zakat on trade goods.4,896Selling old coins for more than their face value
9,030He bought Islamic sukuk; does he have to pay zakaah on the profits or on both the profits and the principal?
6,216How should each partner pay his share of zakah on trade goods when one full (Hijri) year has passed on his wealth?
2,539If he is hesitant about whether he wants to sell the land, then there is no zakaah on it
2,937Ruling on delaying zakaah on trade goods due to lack of cash flow; does he have to borrow money in order to give zakaah?
3,655How should he pay zakaah on money in a profit-sharing investment on which he will receive the profits in three years’ time?
3,309She invested money in a chicken farm project and always spends the returns straight away; how should she pay zakaah?
4,696
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