Home » Hanafi Fiqh » Muftionline.co.za » When should one calculate zakaat?

When should one calculate zakaat?

Answered as per Hanafi Fiqh by Muftionline.co.za

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.

Bismillaah

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)


Original Source Link

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

Read answers with similar topics: