THE ISLAMIC LAW OF ZAKAT | PART.4

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THE ISLAMIC LAW OF ZAKAT | PART.4


In the Name of God, The Most Beneficent, The Most Merciful.


الإمامُ الباقرُ (عَلَيهِ الّسَلامُ): وَجَدنا في كتابِ رسولِ ‏اللّه‏ِ (صَلَّيَ اللهُ عَلَيهِ وَ آلِهِ) … إذا مَنَعُوا الزَّكاةَ مَنَعَتِ الأرضُ بَرَكَتَها مِنَ الزَّرعِ والثِّمارِ والمَعادِنِ كُلِّها

Imam Al-Baqir (as) narrated, ‘We found the following written in the book of the Prophet (saw): …When the alms-tax is withheld, the earth withholds all its yield of plants, fruits and minerals.’

[Al-Kafi, v. 2, p. 374, no. 2]


What are the rules for paying Zakat on business goods?


Answer : Goods which a person comes to own through a contract of exchange (ʿaqd al-muʿāwaḍah)[1] and which he keeps for business and profit earning is, based on obligatory precaution, liable for zakat if certain conditions are fulfilled. The zakat on such property is one-fortieth [2.5%]. The conditions are as listed below.

(1) The owner must be bāligh and sane.

(2) The goods must have a value of at least 15 mithqāls of coined gold or 15 mithqāls of coined silver.

(3) One year must have passed from the time the owner intended to make profit from the goods.

(4) The intention to make profit must remain throughout the year; therefore, if the owner changes his mind during the year and, for example, decides to spend it on his living expenses, then zakat is not obligatory.

(5) The owner must have right of disposal over them throughout the year.

(6) Throughout the year, the goods must be saleable for an amount that is equal to, or more than, the capital outlay[2]. Therefore, if during a period of the year the goods are not saleable for the amount that is [at least] equal to the capital outlay, it is not obligatory on him to pay zakat on them.


[1] This is a contract in which something is given in exchange for something else.

[2] Money spent to acquire, maintain, repair, or upgrade capital assets. Capital assets, also known as fixed assets, may include machinery, land, facilities, or other business necessities that are not expended during normal use. Capital outlays, also referred to as capital expenditures, are recorded by accountants as liabilities on company balance sheets.


Peace and Blessings be upon Prophet Muhammad (saw) and his Family (as)


| Ayatollah Sayyed Ali As-Sistani and Amir Zabidi 


Further reading


https://www.al-islam.org/mizan-al-hikmah-scale-wisdom/alms-tax-zakat

https://www.sistani.org/english/book/48/2286/

https://www.al-islam.org/islamic-laws-ayatullah-ali-al-husayni-al-sistani/zakat-part-i-ii


THE ISLAMIC LAW OF ZAKAT | PART.4

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