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The question

Is Zakat obligatory on money obtained from selling a car that was purchased for the purpose of trade and profit, at its usual annual due date, or upon purchasing the car, or upon selling it?

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

This car is a trade asset due to the presence of two conditions that necessitate on it: ownership acquired through an exchange contract, and the intention of trade at the time of ownership. The annual cycle (hawl) of the wealth is not interrupted by its purchase; thus, Zakat is due on it when the hawl of the currency with which it was purchased is completed, because trade assets are subject to the Zakat of their origin. The profit follows the original capital in Zakat, as it is its growth.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
99462
Imported
Translation status
Source text, unreviewed
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