Question:
Assalamualaikum
Q1-A person sells books for living but he is also in debts does he have to pay Zakaat on the books that he sell?
Q2-If he has to pay Zakaat on the books then how will the Zakaat be calculated when his in debts?
Jazakumullah
Wassalaam
Answer:
Firstly he should calculate the total amount of liabilities i.e. his debts etc. After doing so, if the wealth which remains is tantamount to the Nisaab then it will be compulsory for him to discharge the Zakaah of the remaining wealth.
And Allah Ta’ala knows best
Ebrahim bin Zainul Abedeen Backus.
Attested to as correct by:
Mufti Muhammad Ashraf
Darul Iftaa
Jameah Mahmoodiyah
Springs
22 December 2004
10 Thul Qa’dah 1425