Published 3 years ago
Last updated 3 years ago
Q: I have taken over a running business in January of this year (2021). I am owing on this business for the next three years. With regards to zakaat, do I commence paying immediately or after 1 lunar year?
Also, for the merchandise on hand, when calculating zakaat do I use the cost price or the selling price of the goods?
A: If you already have zakaatable wealth, then immediately with your other wealth.
The market related price.
And Allah Ta'ala (الله تعالى) knows best.
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