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The question

How is zakat calculated on a capital of 1,0 riyals from 5 people, with the fund being supported monthly by the same amount for financing cars and furniture and selling a car every two months?

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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 cars and furniture intended for trade if a year has passed over them and they have reached the , which is equivalent to 85 grams of pure gold or more. Zakat is calculated by inventorying these assets and estimating their market value, then 2.5% of that value is given. Similarly, money in the cash register is subject to Zakat if it reaches the nisab and a year has passed over it. To calculate Zakat accurately, one can track each amount that has reached the nisab and over which a year has passed, and pay its Zakat separately. Alternatively, one can pay Zakat on all money in the cash register when a year has passed over the first nisab accumulated therein, and this is preferable.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
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Ftawy
Original fatwa ID
45736
Imported
Translation status
Source text, unreviewed
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