Ihyaaud Deen An Effort to Revive Deen in Totality
Q: If a person purchases raw material with the intention of manufacturing products to be sold, then will zakaat be fardh on such raw material? A: Since the raw material was purchased with the intention of manufacturing products to be sold, zakaat will be fardh. (أو نية التجارة) في العروض …
July, 2011
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20 July
Value of zakaatable goods
Q: I own a textile mill. I first import the yarn from which the material is manufactured. I supply certain companies material at the manufacturing cost plus ten percent profit. I also wholesale fabric at the wholesale price which is approximately my cost plus twenty percent. I am also a …
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20 July
Zakaat on Goods which one has not yet Received
Q: Zaid purchased a consignment of goods from Pakistan with the intention of resale. The goods were thereafter shipped to South Africa. The shipment has not yet reached the port of South Africa and Zaid’s zakaatable year ended. Will Zaid have to pay zakaat upon these goods which he has …
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2 July
Zakaat on Redundant Stock
Q: Is zakaat fardh on redundant stock? A: If redundant stock refers to that stock which one is unable to sell quickly but is kept with the intention of resale, then zakaat is fardh on such goods. And if redundant stock refers to that stock which one no longer intends …
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2 July
Zakaat on Goods
Q: Is zakaat compulsory on goods? A: Zakaat is compulsory upon those goods which are purchased with the intention of resale and an entire lunar year passes upon it. (أو نية التجارة ) في العروض إما صريحا ولا بد من مقارنتها لعقد التجارة كما سيجيء أو دلالة بأن يشتري عينا …