Must I give Sadaqah, and how do I give it, knowing that I did not give Sadaqah on Ashura due to my ignorance of it?
One who possesses the (minimum taxable amount) of wealth and then uses it to purchase trade goods must pay . Zakat is obligatory on both the principal capital and the profits together upon the completion of a hawl (lunar year) from the time the original capital was acquired, reckoned by the Hijri months. The goods are valued in cash, and one-quarter of a tenth (2.5%) is to be given, after deducting outstanding debts owed by him and adding debts that are expected to be collected. If the remaining amount reaches the nisab (equivalent to 85 grams of gold), then zakat is due; otherwise, it is not. It is not permissible to delay the payment of zakat except with a valid excuse.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Ftawy
- Original fatwa ID
- 87234
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
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