• Prayers & Duties >> Zakat & Charity

    Question ID: 6057Country: India

    Title: I have a question about ZAKAH in business: ALHAM DO LILLAH I am doing business which is giving me profits . As it is all my money and I am not using any bank money I need to re invest my profits , every year, into my business for growth. Somebody told me that when you re-invest the profits in your business, then it is rolling money which does not attract ZAKAH ? Can you please guide me in the light of the QURAN AND HADITH ? JAZAK ALLAH O KHAIR for helping me.

    Question: Assalam o alikum Mufti Saheb, I have a question about ZAKAH in business: ALHAM DO LILLAH I am doing business which is giving me profits . As it is all my money and I am not using any bank money I need to re invest my profits , every year, into my business for growth. Somebody told me that when you re-invest the profits in your business, then it is rolling money which does not attract ZAKAH ? Can you please guide me in the light of the QURAN AND HADITH ? JAZAK ALLAH O KHAIR for helping me.

    Answer ID: 6057Posted on: Sep 1, 2020

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 793/731=L/1429)

     

    The zakah shall be liable on profits if they are reinvested in the business. The one is wrong who suggested that zakah is not applicable.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India