What are the rulings of Zakat pertaining to livestock owned by farmers in Egypt, and is Zakat obligatory on them as "Arud al-Qinya" (Zakat on possessions/holdings), or "Zakat al-Mustaghillat" (Zakat on income-generating assets) in their revenues, or "Zakat Urud al-Tijarah" (Zakat on trade goods) on both the principal and revenues? And what does "Qinya" mean in reference to livestock?

Animals purchased with the intention of benefiting from their milk are not subject to Zakat, as they are considered for personal use (qinyah) and not trade goods. The price of their milk is subject to Zakat if it reaches the nisab (minimum threshold) and a hawl (one lunar year) passes over it. However, animals purchased with the intention of selling them when their price increases are considered trade goods, and Zakat is due on them every year if their value reaches the nisab. The profit from items purchased for trade is considered income, and a new hawl begins for it after it is received.