Mufti Online — Madrasah Ta'leemuddeen

When should one calculate zakaat?

· 2 Dhuʻl-Hijjah 1440 AH1 min readEnglish

Question

I sold my business including the stock before year and invested that money in another business right after selling. Do I have to calculate my zakat year since I have started my first business or from the date when I started my 2nd business? I am in doubt because money which I have invested is from my first business.

Answer

You will calculate from the time you became the owner of the amount of nisaab.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/29816
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