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The question

Is Zakat obligatory on a sum of 15,000 Jordanian Dinars designated for trade, and deposited in the bank for seven months, and what is the amount of Zakat due on it?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Zakat is obligatory on money invested in trade goods if it reaches the threshold (nisab) and a full year (hawl) has passed. The goods are to be valued at their market price when zakat becomes due, and a quarter of a tenth (2.5%) of the principal and its profit is to be given. Zakat does not lapse with the passage of years.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
143614
Imported
Translation status
Source text, unreviewed
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