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Do I need to pay zakat on my personal car?

Answered as per Hanafi Fiqh by Muftisays.com
i have a small car provided by my office for official and personal use , it is owned by the company in which i work. this car is not fullfilling my domestic needs therefore i have bought my own car for my family,s needs . my question is that whether i have to pay zakat on my own personnel car or not?

Answer
بسم الله الرحمن الرحيم
With the exception of gold and silver Zakat is not compulsory on any other fixed assets. As such Zakat will not be given on a car. والله اعلم

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Mufti Saifur Rahman Sahib
London, UK

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This answer was collected from MuftiSays.com, based in London (UK). It is one of the fruits of Darul Uloom London. Many ‘ulama are involved in answering the Q&A on the site, including: Shaikul Hadeeth Mufti Umar Farooq Sahib, Mufti Saifur Rahman Sahib, Mufti Abdullah Patel Sahib, Maulana Qamruz Zaman Sahib, Mufti Abu Bakr Karolia Sahib.

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