{"id":9267,"date":"2017-08-21T16:16:20","date_gmt":"2017-08-21T16:16:20","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=9267"},"modified":"2017-08-21T16:16:20","modified_gmt":"2017-08-21T16:16:20","slug":"calculating-zakat-before-or-after-profit","status":"publish","type":"post","link":"http:\/\/daruliftabirmingham.co.uk\/home\/calculating-zakat-before-or-after-profit\/","title":{"rendered":"Calculating zakat before or after profit"},"content":{"rendered":"

\n\tFatwa ID: 02232<\/strong><\/span><\/span><\/span>\n<\/p>\n

\n\tAnswered by <\/strong>Maulana Mujahid hussain<\/span><\/span><\/span>\n<\/p>\n

\n\tQuestion:<\/strong><\/span><\/span><\/span>\n<\/p>\n

\r\nI have a mini business which I usually run at charity events by hiring out stalls. The items I sell are personalised items, so I purchase pens, pencils, keyrings, bookmarkers and other items. I then use special machine to hand engrave names and messages on the items. For example, I may purchase a pack of 10 pens at wholesale for £3. I will then sell each individual for £3.50 with the name engraved upon request.  All my items are currently considered unfinished because they are not engraved. I only engrave upon request.\r\n\r\nHow do I calculate zakat on these? Do I use the £3.50, or the wholesale price ? I am confused. Please, can I have some guidance. Jazakumullah<\/span><\/span><\/span><\/pre>\n
\n\tAnswer:<\/strong><\/span><\/span><\/span>\n<\/p>\n
\n\t\"Bismillah\"<\/a>\n<\/p>\n
\n\tYou calculate the Zakah using the current market price of the pensyou have in stock.<\/span><\/span><\/span>\n<\/p>\n
\n\t(Fatawa Hindiya V 1 P 198 Publisher Darul-Kutub-Alaalamiya<\/span><\/span><\/span>\n<\/p>\n
\n\t\u0628\u0627\u0628 \u0632\u0643\u0627\u0629 \u0627\u0644\u0641\u0636\u0629 \u0648\u0627\u0644\u0630\u0647\u0628 \u0648 \u0627\u0644\u0639\u0631\u0648\u0636<\/span><\/strong>)<\/span><\/span><\/span>\n<\/p>\n
\n\tSo for example, you have hundred and twenty pens in your possession. You paid £60 for the pens. Each pen cost you 50p.<\/span><\/span><\/span>\n<\/p>\n
\n\tHundred of the pens are not engraved. The current market price for each of these pens is £1 ( this is not the price you paid for the pens <\/a>nor, necessary, it's  the price you sell at, but the current price these pens are available for at the market)<\/span><\/span><\/span>\n<\/p>\n
\n\tAlso you have twenty pens which you have engraved. The current market price for such  a pen is £3.50.<\/span><\/span><\/span>\n<\/p>\n
\n\tThis would mean the current market price for the  pens  in your possession is £170. That is £ 100 for the  pens which are not engraved and £70 for the engraved pens. As zakat is calculated at 2.5% of your merchandise, you would have to pay £4.25 on your merchandise.<\/span><\/span><\/span>\n<\/p>\n
\n\tHowever please bear in mind Zakat is only  due on merchandise when you total wealth ( that  including savings, cash and trade merchandise) reaches the nisaab (the minimum amount that a Muslim must have before being obliged to give  zakat).<\/span><\/span><\/span>\n<\/p>\n
\n\t( Radul-Mukhtaar P 234 V 3 publisher Darul-Kutub-Alamiya \u0628\u0627\u0628 \u0632\u0643\u0627\u0629 \u0627\u0644\u0645\u0627\u0644<\/span><\/strong>)<\/span><\/span><\/span>\n<\/p>\n
\n\t(Al-Lubab fe sharhil-Kitab p 145 V 1 publisher Qadeemi Kutub Khana \u0628\u0627\u0628 \u0632\u0643\u0627\u0629 \u0627\u0644\u0639\u0631\u0648\u0636<\/span><\/strong>)<\/span><\/span><\/span>\n<\/p>\n
\n\tOnly Allah knows best.<\/span><\/span><\/span>\n<\/p>\n
\n\tWritten by Maulana Mujahid hussain<\/span><\/span><\/span>\n<\/p>\n
\n\tChecked and approved by Mufti Mohammed Tosir Miah<\/span><\/span><\/span>\n<\/p>\n
\n\tDarul Ifta Birmingham<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
Fatwa ID: 02232 Answered by Maulana Mujahid hussain Question: I have a mini business which I usually run at charity events by hiring out stalls. The…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/9267"}],"collection":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=9267"}],"version-history":[{"count":1,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/9267\/revisions"}],"predecessor-version":[{"id":9268,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/9267\/revisions\/9268"}],"wp:attachment":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=9267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=9267"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=9267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}