Cancelling one's Intention of Resale

Q: A person purchased an item for resale purposes but thereafter cancelled his intention. After some time, he decided to once again sell the item. Will zakaat be waajib on the item?

A: Zakaat will not be waajib upon the item. However, zakaat will be waajib upon the money received after selling the item.

( لا يبقى للتجارة ما ) أي عبد مثلا ( اشتراه لها فنوى ) بعد ذلك ( خدمته ثم ) ما نواه للخدمة ( لا يصير للتجارة ) وإن نواه لها ما لم يبعه بجنس ما فيه الزكاة (شامى 2/272)

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

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