Question
I have invested a large amount of money in a business. Do I have to pay Zakaat on the amount invested?
Answer
You have to pay Zakaat on the invested amount if the money was used for purchasing stock for reselling, as well as on the profit which is still in the business. The capital investment must surely have substantially increased.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 25 No 06
- PDF page
- 5
Appears under WIDESPREAD VIOLENCE (approximate).