Q: I sold my business including the stock before year and invested that money in another business right after selling. Do I have to calculate my zakat year since I have started my first business or from the date when I started my 2nd business? I am in doubt because money which I have invested is from my first business.
A: You will calculate from the time you became the owner of the amount of nisaab.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)