The Majlis Archive
Finance - Banking - Business The Majlis Vol 27 No 12, p.5

Must Zakaat be paid on the buying or selling price of merchandise?

Question

Must Zakaat be paid on the buying or selling price of merchandise?

Answer

Zakaat has to be calculated on the current wholesale price of the merchandise, not on the selling price.

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The Majlis Vol 27 No 12
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