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Zakaat on Redundant Stock

Answered according to Hanafi Fiqh by CouncilofUlama.co.za

Q: Is zakaat waajib on redundant stock?


A: If redundant stock refers to that stock which one is unable to sell quickly but is kept with the intention of resale, then zakaat is waajib on such goods. And if redundant stock refers to that stock which one no longer intends to sell, then this wealth no longer remains stock of trade. Hence, zakaat will not be compulsory upon it.

Answered by: Mufti Zakaria Makada
Checked & Approved: Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from CouncilofUlama.co.za, which is operated under the supervision of Council of Ulama Eastern Cape, South Africa.

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