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Should I Pay Zakat on Trade Goods Even If I Can’t Find Buyers?

Answered according to Hanafi Fiqh by Seekersguidance.org
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Answered by Ustadh Salman Younas

Question: I bought some trade goods, but they have a very small online market which is hard to reach. I’ve tried selling them on an online forum without success. Are these goods zakatable each year until I establish a successful website and insha’Allah start selling them?

Answer: assalamu `alaykum

Zakat is due on trade goods. For something to be considered a trade good, a clear and firm intention of it being so needs to be present at the time the good is purchased. If one purchased the good without the intention of it being a trade commodity, Zakat would not be due upon it, even if the intention was changed later on. [Sarakhsi, Mabsut; Kasani, Bada`I al-Sana`I; Haskafi, Durr al-Mukhtar]

If this is the case with the items you mention, Zakat will be due upon them.

Salman

Checked & Approved by Shaykh Faraz Rabbani.

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