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Disposal of Zakāt →
← Taxable limit for sheep:
Conditions for Zakāt on Trading Goods:
Issue 142: The conditions for the obligation of Zakāt on trading goods are as follows:
1. The owner must be adult and sane.
2. The goods must reach the specified taxable limit, which is the same as the taxable limit for gold or silver coins, meaning their value must be equivalent to fifteen Ṣayrafī mithqāls of gold or one hundred five mithqāls of silver.
3. The trading goods must be acquired through exchange, such as buying, and from the time of the intent to profit, the goods must remain with the owner for one year.
4. The owner must intend to trade with the goods throughout the entire year.
5. The owner must be able to utilize the trading goods during the year.
6. The market value of the trading goods must not fall below their cost price throughout the year.
It is worth noting that the amount of Zakāt on trading goods is 2.5%.
Disposal of Zakāt →
← Taxable limit for sheep:
1. The owner must be adult and sane.
2. The goods must reach the specified taxable limit, which is the same as the taxable limit for gold or silver coins, meaning their value must be equivalent to fifteen Ṣayrafī mithqāls of gold or one hundred five mithqāls of silver.
3. The trading goods must be acquired through exchange, such as buying, and from the time of the intent to profit, the goods must remain with the owner for one year.
4. The owner must intend to trade with the goods throughout the entire year.
5. The owner must be able to utilize the trading goods during the year.
6. The market value of the trading goods must not fall below their cost price throughout the year.
It is worth noting that the amount of Zakāt on trading goods is 2.5%.
