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Items for Resale and Zakaat

Answered according to Hanafi Fiqh by CouncilofUlama.co.za

Q: A person purchased an item for resale purposes but thereafter cancelled his intention. After some time, he decided to once again sell the item. Will zakaat be waajib on the item?
From Ihyaaud Deen. This entry is part 26 of 37 in the series Zakaat Masaail


A: Zakaat will not be waajib upon the item. However, zakaat will be waajib upon the money received after selling the item.

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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