Darul Iftaa Mahmudiyyah

Is Zakat paid at cost price of the stock or at selling price?

· 4 Ramadan 1435 AH1 min readFatwa 26477English

Question

Most businessmen I know pay Zakat on stock in trade at cost price, not selling price.

Please confirm which is the correct value to be used?

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

When calculating Zakat, the market related value of the stock in trade will be considered on the day the Zakat is due.

And Allah Ta’āla Knows Best

Mufti Hussein Issa,
Mozambique

Checked and Approved by,
Mufti Ebrahim Desai.
www.daruliftaa.net

References (Arabic / Urdu sources)

الزكاة واجبة في عروض التجارة كائنة ما كانت إذا بلغت قيمتها نصابا من الورق والذهب كذا في الهداية ... وتعتبر القيمة عند حولان الحول

الفتاوى الهندية – ج 1 – ص 179 - 180- مكتبه رشيديه

فِي عَرْضِ تِجَارَةٍ قِيمَتُهُ نِصَابٌ

فتاوى الشامى – ج 2 – ص 29٨

فتاوى الشامى – ج 2 – ص 286 – 299 – ايج ايم سعيد

البحر الرائق – ج 2 – ص 229 - ايج ايم سعيد

البناية شرح الهداية – ج 4 – ص 104 – 105 – المكتبة الحقانية

فتاوى محموديه – ج 14 – ص 130 – مكتبه محموديه

فتاوى حقانية – ج 3 – ص 542 – جامعه دار العلوم حقانيه

آپ کے مسائل اور ان کا حل – ج 3 – ص 421

Answered by
Mufti Hussein Issa
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/26477
Fatawa SA: https://fatawa.co.za/fatwa/askimam-26477

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