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What should be the basis of valuation of our stock for the purpose of Zakah? Should we calculate the value on the basis of our cost price or on the basis of the present market price? |
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ZAKAH.. [Obligatory Charity] -
General
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Q: (3) What should be the basis of valuation of our stock for the purpose of Zakah? Should we calculate the value on the basis of our cost price or on the basis of the present market price?
A: Zakah is always payable on the current market price of each zakatable asset.
Contemporary fatawaa
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