Is zakat obligatory on the value of the tools present in the shop before the fire (full cost + debts) minus the cost of renovation? And is zakat obligatory on the renovation that has not been subject to a full year (hawl), or on the entire shop including its outstanding debts?

Commercial assets are of two types: 1. Trade goods (inventory): This includes items prepared for sale, such as real estate, foodstuffs, and clothing, and zakat is obligatory on them. 2. Fixed assets (Qiniya assets): This includes items prepared for production or use, such as factory machinery and furniture, and there is no zakat on them.

Zakat on trade goods becomes obligatory at the time zakat is due. This is done by inventorying the commercial assets (goods), adding cash and collectible debts to them, and then 2.5% (a quarter of a tenth) of the total is paid as zakat.

- Debts that are not expected to be collected are not subject to zakat until they are received. Once received, zakat is paid on them for one year. - Debts you owe are not deducted from the zakatable funds. - Burned goods are not included in the zakatable assets. - Renewals in the shop: Furniture, decor, and fixed appliances are not subject to zakat. - New goods that are sold: If they are purchased with the shop's funds and profits, zakat is paid on them immediately with the shop's zakat. If they are purchased with other money, their zakat year follows the zakat year of that money.