• Prayers & Duties >> Zakat & Charity

    Question ID: 61085Country: India

    Title: How do i calculate zakat in Business

    Question: How do I calculate zakah in business? Please give the full details of calculation.

    Answer ID: 61085

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 815/780/SN=11/1436) You should have explained the nature of business which would have made it easy to write the method of calculation. However, whatsoever cash, recoverable debts and business materials (it includes raw material, ready materials, in case it is a shop then all types of saleable materials in the shop) after deducting debts if any, in case they reach equal to 52.5 tola (612 gram and 360 milligram) silver or more then you will have to pay 2.5% of all the total as zakah provided on completion of one year. Note: In the saleable materials the selling price shall be final. It has nothing to do in how much price the material was ready or was bought. It should also be noted that zakah is not wajib on building, machinery, equipments and likewise other solid things. It would be better that you calculate it with any reliable Alim when you are going to pay the zakah.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India