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

Answered as per Hanafi Fiqh by Askimam.org

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 ‘alaykumwa-rahmatullāhiwa-barakātuh.

When calculating Zakat, the market related value of the stock in trade will be considered on the day the Zakat is due.[1]

And Allah Ta’āla Knows Best

Mufti Hussein Issa,
Student of DarulIftaa

Mozambique
 

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



[1] الزكاة واجبة في عروض التجارة كائنة ما كانت إذا بلغت قيمتها نصابا من الورق والذهب كذا في الهداية … وتعتبرالقيمةعندحولانالحول

الفتاوى الهندية – ج 1 – ص179 –  180- مكتبه رشيديه
 

فِي عَرْضِ تِجَارَةٍ قِيمَتُهُنِصَابٌ

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

 

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This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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