Home » Hanafi Fiqh » Mahmoodiyah » Zakaat on Stock

Zakaat on Stock

Answered as per Hanafi Fiqh by Mahmoodiyah

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

Read answers with similar topics:

More Answers…