I want to ask about zakah, I have invested 2000000 in a company for business, is there zakah on this amount. And how much I have to pay zakah from this amount? Please, reply in the light of the holy Quran and Hadith.

Answered according to Hanafi Fiqh by Darulifta-Deoband.org

بسم الله الرحمن الرحيم

(Fatwa: 831/693/B=06/1435)

Yes, it is necessary to pay fortieth part of the amount which is invested in the business as zakah. You will have to pay 50000/- as zakah of 20 lakh.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

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