Zakaat on investments

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: I have invested 200000(2lacs) in gold business last year August 2017. The profit of which is expected to come in December 2018 of amount 1.2lac.

1. Which amount I shall consider for zakat, the invested amount or the profit or both?

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2. There is some amount I have invested in the business for which I get monthly profit. So in that case also which amount shall be considered for zakat, investment amount or the monthly profit.

Bismillaah

A: Both the gold amount that you own and the cash that you own.

As above.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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