Prayers & Duties >> Zakat & Charity

Question # : 161593

Saudi Arabia

I have invested a amount of 4,00000 RS INR in Feb-2018 in an Shariah compliant investment company who will do business in Food products I will get profit after 2 years and 3 months in May 2020. Do I need to pay zakah this year in 2018 or in 2020 after receiving the profit amount please advice.

Answer : 161593

Published on: May 25, 2018

بسم الله الرحمن الرحيم



(Fatwa: 1104/996/H=9/1439)



 



Zakah will be wajib each year on the capital and on the profits which you earn on it. Lunar year is taken into consideration in paying zakah and obligation of Zakah. Thus you should calculate your zakah as per Islamic calendar (Muharram, Safar etc.) instead of the year 2018-2020.




Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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