Home » Hanafi Fiqh » Qibla.com » No Zakat On Institutions
Answered by Shaykh Abu Usamah
Do institutions have to pay zakat on goods used to raise funds? Specifically, does an Islamic Educational Organization have to pay zakat on books it has purchased seeking to sell these books for a profit in order to establish a waqf (in a non-Islamic country)?
Institutions do not pay Zakah on their assets as these are not the personal possessions of any person.
Allah Ta`ala Knows Best
Abu Usamah
This answer was indexed from Qibla.com, which used to have a repository of Islamic Q&A answered by various scholars. The website is no longer in existence. It has now been transformed into a learning portal with paid Islamic course offering under the brand of Kiflayn.
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