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.
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