I have invested 8 lac in a buissness. I want to know do I have to pay zakat on invested money?
Answer:
Fatwa: 630/541/B=1433
Yes, you will have pay zakah (2.5% annually) on the money invested in business. If you have gained some profit, zakah shall be wajib on the profit as well.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband