Question
When calculating Zakaat on stock-on-trade, which value should be considered? The wholesale price or the retail selling price?
Answer
The current wholesale value of the stock has to be taken for calculating Zakaat, not the retail selling price.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 21 No 08
- PDF page
- 2
Appears under Questions and Answers (approximate).