Question: Can you please provide a hadith that proves that trade merchandise is one of the categories that one pays its Zakat, or is it considered as one of the categories under opinion and Ijtihad? From Bilal Abu Munshar Answer: Wa Alaikum Assalaam wa Rahmatullah wa Barakatuhu, Trade merchandise did not come under the categories … Continue reading Q&A: Detailed Evidences for Zakat on Trade Merchandise
Tag: Trade
Zakat on Trade Deals
Question Assalamu alaikum our sheikh, may Allah cherish you with Islam and cherish Islam with you. I pray to Allah that I will be among those who will give you the Bayah for the Khilafah on the method of the Prophethood, for He is the One Able of everything. I have a question about Zakat, … Continue reading Zakat on Trade Deals
Zakat on Trade Money
Question: Assalamu Alaikum, I have a question about zakat. First, I’ll tell you the situation; I make profit on selling apartments. For example, I bought an apartment for 30,000 and sold it for 35,000, after one year I’ve made 20,000 profit. I had last year 100,000 and now I have 120,000; on which amount do … Continue reading Zakat on Trade Money