{"id":29802,"date":"2024-03-22T22:17:46","date_gmt":"2024-03-22T22:17:46","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/home\/?p=29802"},"modified":"2024-03-22T22:17:46","modified_gmt":"2024-03-22T22:17:46","slug":"is-zakat-on-retail-value-or-on-wholesale-price","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/is-zakat-on-retail-value-or-on-wholesale-price\/","title":{"rendered":"Is Zakat on Retail Value or on Wholesale Price"},"content":{"rendered":"<p style=\"text-align: right;\"><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><strong>Fatwa ID: 07004<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><strong>Answered by: Mufti Mohammed Haroon Hussain<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><strong><u>Question:<\/u><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Just curious to know why do we say to calculate zakat on retail value and not wholesale for business inventory? Keeping in mind these points:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">You may not get the desired retail price when you sell<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">If he wanted to sell and exit the business today, he will only get the wholesale value for his inventory<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Say he never purchased the merchandise and it was in the form of cash, the cash savings would still be equivalent to the wholesale value<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Even if he does pay on wholesale he can calculate the saved gains next year when it is in the form of cash<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Retail value is pretty much a prediction one hopes to get.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Any help?<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><strong>\u00a0<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><strong><u>In the name of Allah, the Most Gracious, the Most Merciful<\/u><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><strong><u>Answer:<\/u><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">The retail price is the one that the zakat will be given according to<a href=\"#sdfootnote1sym\"><sup>1<\/sup><\/a>. The reason for all such standpoints in zakat is that this is what is most beneficial for the poor and needy, so we take the stance of what is most in their interest<a href=\"#sdfootnote2sym\"><sup>2<\/sup><\/a>.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Only Allah knows best<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Written by Mufti Mohammed Haroon Hussain<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Checked and approved by Mufti Mohammed Tosir Miah<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Darul Ifta Birmingham<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><a href=\"#sdfootnote1anc\">1<\/a> \u0648\u062a\u0639\u062a\u0628\u0631 \u0627\u0644\u0642\u064a\u0645\u0629 \u064a\u0648\u0645 \u0627\u0644\u0648\u062c\u0648\u0628 \u0648\u064a\u0642\u0648\u0651\u0645 \u0641\u064a \u0627\u0644\u0628\u0644\u062f \u0627\u0644\u0630\u064a \u0627\u0644\u0645\u0627\u0644 \u0641\u064a\u0647<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">\u0631\u062f \u0627\u0644\u0645\u062d\u062a\u0627\u0631 \u2013 \u062c\u0644\u062f 3 \u2013 \u0635 321\u2013 \u0643\u062a\u0627\u0628 \u0627\u0644\u0632\u0643\u0627\u0629 \u2013 \u0628\u0627\u0628 \u0632\u0643\u0627\u0629 \u0627\u0644\u063a\u0646\u0645 \u2013 \u062f\u0627\u0631 \u0627\u0644\u062d\u062f\u064a\u062b \u0627\u0644\u0642\u0627\u0647\u0631\u0629<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><a href=\"#sdfootnote2anc\">2<\/a> \u0648\u0627\u0639\u062a\u0628\u0631 \u0645\u062d\u0645\u062f \u0627\u0644\u0623\u0646\u0641\u0639 \u0644\u0644\u0641\u0642\u0631\u0627\u0621<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">\u0631\u062f \u0627\u0644\u0645\u062d\u062a\u0627\u0631 \u2013 \u062c\u0644\u062f 3 \u2013 \u0635 341 \u2013 \u0643\u062a\u0627\u0628 \u0627\u0644\u0632\u0643\u0627\u0629 \u2013 \u0632\u0643\u0627\u0629 \u0627\u0644\u0645\u0627\u0644 \u2013 \u062f\u0627\u0631 \u0627\u0644\u062d\u062f\u064a\u062b \u0627\u0644\u0642\u0627\u0647\u0631\u0629<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fatwa ID: 07004 &nbsp; Answered by: Mufti Mohammed Haroon Hussain &nbsp; Question: &nbsp; Just curious to know why do we say to calculate zakat on&#8230;<\/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":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/29802"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=29802"}],"version-history":[{"count":2,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/29802\/revisions"}],"predecessor-version":[{"id":29804,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/29802\/revisions\/29804"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=29802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=29802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=29802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}