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The question

What is the ruling on zakat for shipping companies?

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

is obligatory on the net profits of shipping companies, after deducting expenses, if the wealth reaches the minimum threshold () and a full lunar year (hawl) has passed, even if by combining it with other wealth owned by the zakat payer. If it falls below the nisab, no zakat is due until it reaches the nisab again and a new hawl passes. As for the companies' fixed assets, such as buildings and means of transport, no zakat is obligatory on them.

Summarized from the full answer at Ftawy · imported

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Ftawy
Original fatwa ID
137249
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