• +27 11 413 2785/6

Discharging Zakaat With Redundant Stock

Question

I would like to know if you can give redundant or obsolete stock as part of your Zakaat disbursement?

Answer

Yes, it is permissible to give such type of stock as part of Zakaat dispersment. The current market value of the redundant stock – i.e. what one can expect to get for the stock if sold on the market (even though it may, due to the redundancy of the stock be less than what one initially paid for it) – should be taken into consideration. Whatever that value is, one should consider its equivalent value to have been discharged as Zakaat when giving this stock to the poor.

Checked and Approved By:

Mufti Muhammed Saeed Motara Saheb D.B.

References

آپکے مسائل اور انکاحل، ج۵، ص۱۳۱، مکتبہ لدھیانوی

Related Fatawa
Discharging Zakaat In A Different Currency

Question A British citizen has money in a bank in Bangladesh. Does he pay his Zakah according to its rate Read more

Zakaat On Products A Beautician Uses

Question Is there zakat on beauty products in stock by a beautician such as eye liners, powders, creams etc? Answer Read more

Zakaat After Gifting Gold To Your Children

Question A women had lot of gold which was more than the nisaab but she distributed the gold between her Read more

Discharging Zakaat By Purchasing A Flight Ticket

Question My mother's brother is a poor person. He lives in India. we send money for his needs etc. We Read more

Zakaat On 9 Carat Gold

Question Will there be Zakah on 9 carat gold? Answer If a person possesses 9 carat gold, since it is Read more

Darul Ifta - Darul Uloom Azaadville - Madrasah Arabia Islamia