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You may be aware of Zakat on personal wealth, however, the Qur’an and Sunnah have also given specific guidance on paying Zakat on business.
The following verse refers to Zakat on business:
“O you who have believed, spend from the good things which you have earned..” (Qur’an 2:267)
The Sunnah explicitly highlights Zakat on business assets. Samurah bin Jundub (May God be pleased with him) said:
“The messenger of God commanded us to give Sadaqah (Zakat) on what we intended for trade.’’ (Sunan Abu Dawud)
Find out what a ‘business asset’ is when calculating Zakat.
Learn about simplified methods for stock valuation.
Discover what liabilities can be subtracted from your Zakat calculation.
Follow practical and step by step guide for Zakat calculation on a business.
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