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Calculating Zakaat on Imports

Answered as per Hanafi Fiqh by CouncilofUlama.co.za

Q: I purchased goods from India to sell in South Africa. Must I give zakaat on the cost price at which I purchased these goods?

A: You have to give zakaat on the market value of the goods in South Africa.

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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