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The question

How is zakat to be paid on a water desalination company that has daily output and equipment not replaced until after years?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Zakat is obligatory on the company's profits if a full lunar year has passed over them, provided the capital reaches the nisab (minimum threshold) on its own or when combined with cash or trade goods. Expected debts are added, and due debts are subtracted. Equipment, machinery, vehicles, and fixed tools not intended for sale are exempt from zakat. If the company is owned by multiple individuals, each person pays zakat on their share if it reaches the nisab and a full lunar year has passed over it. The nisab is equivalent to 85 grams of gold, and the zakat rate is one-quarter of one-tenth (2.5%).

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
73505
Imported
Translation status
Source text, unreviewed
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