[Zakah on assets]

Fatawa Question

As-Salam `Alaykum. How do we pay Zakah on assets? We have 7 trucks and 2 excavators. Presently only 2 of the trucks and 1 excavator are working. Only 3 trucks have been paid for in full none of which has been working for the past yr. The last truck was acquired only 1 month ago. Although we seem to have a lot of assets, we have little cash. How do we pay Zakah ?

Fatwa

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Publication Date

2008-03-12

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Foundations of Islamic jurisprudence
• Alms tax

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-732572

• APA
• MLA
• AMA