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The question

How is zakat paid on a laundry business that has been in operation for a full year: Is it based on the value of the equipment or on the profits, given that the profits have only been used to cover expenses?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

is not obligatory on laundry equipment. However, it is obligatory on the profits if a year has passed over them and they have reached the . They are then subject to Zakat at a rate of 2.5%. As for what a year has not passed over or what has not reached the Nisab, there is no Zakat on it.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
31117
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.
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Read the full answer on Ftawy