How is the zakat calculated for the funds of a transportation company, given that the funds are variable and do not remain for a full year, and there are outstanding balances due?
Cars and similar items designated for rent are not subject to on their intrinsic value. Rather, Zakat is due on their rental income if it reaches the (minimum threshold) when combined with other Zakat-eligible assets, provided it does not fall below the nisab throughout the hawl (lunar year).
Assets on which Zakat is obligatory, such as currencies and trade goods, are calculated and Zakat is paid on them at the end of the Hijri year if they reach the nisab (when combined with other assets).
What has been spent or perished during the hawl is not subject to Zakat.
The owner(s) of the company must calculate their share of the Zakat-eligible assets. If it reaches the nisab (when combined with other assets), Zakat becomes obligatory at the end of the Hijri year, provided it does not fall below the nisab. The profit generated from these assets follows them in terms of Zakat.
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