Zakaat on investments
Question
I have invested 200000(2lacs) in gold business last year August 2017. The profit of which is expected to come in December 2018 of amount 1.2lac.
1. Which amount I shall consider for zakat, the invested amount or the profit or both?
2. There is some amount I have invested in the business for which I get monthly profit. So in that case also which amount shall be considered for zakat, investment amount or the monthly profit.
Answer
Both the gold amount that you own and the cash that you own.
As above.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.