Thursday 16 February 2012

Zakat on money that is invested in trade

Asalamu Alaykum.
I have a certain amount of money. The whole amount is above the nisaab.
However, part of it is in the trade business. In calculating the current year's Zakat, do I have to include the amount that's not back yet from the trade; or should I only calculate the Zakat upon what I currently have with me at this point of time.
Jazakum Allahu khayran

Praise be to Allaah.

If one year has passed since you have possessed this wealth, you should pay zakaat on it, whether it is on hand or is invested in trade. If you have earned some profit on it, the zakat for that is due when the zakat on the original amount is due. And Allaah knows best.

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