• Prayers & Duties >> Zakat & Charity

    Question ID: 37988Country: Pakistan

    Title: zakat on invested money

    Question: I have invested 8 lac in a buissness. I want to know do I have to pay zakat on invested money?

    Answer ID: 37988

    Bismillah hir-Rahman nir-Rahim !

    Fatwa: 630/541/B=1433 Yes, you will have pay zakah (2.5% annually) on the money invested in business. If you have gained some profit, zakah shall be wajib on the profit as well.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India