Zakaat on a fish farm

Q:

1. I have a fish farm. How do I pay zakaat on it ? Do I have to pay zakaat on the amount of fish I have purchased for or do I have to pay on the current market price of all the fish I have?

2. What if most of the fish died and I am unable to know the exact amount of fish in the farm?

A:

1. You will pay on the current market price of the fish that you have at the end of your zakaat year.

2. Make a careful analysis and based on your estimation you should discharge the zakaat.

And Allah Ta'ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)