Zakat on stock sold on EBay

Fatawa Question

I was wondering how would I calculate my Zakaat on my business stock. I have a shop on eBay. When calculating the value of my assets : 1. Do I calculate the market value or the sale value. 2. Do I minus eBay and PayPal fees 3. Do I minus vat 4. Do I minus delivery costs. These fees and costs will obviously only be incurred upon the sale of the items.

Fatwa

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Publisher

al-Qalam Shariah Scholar Panel

Publication Date

2016-07-20

Country of Publication

United Kingdom

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-732597

American Psychological Association (APA)

al-Qalam Shariah Scholar Panel (Manchester, England). 2016-07-20. Zakat on stock sold on EBay. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-732597

Modern Language Association (MLA)

al-Qalam Shariah Scholar Panel (Manchester, England). Zakat on stock sold on EBay. Manchester England : al-Qalam Shariah Scholar Panel. 2016-07-20.
https://search.emarefa.net/detail/BIM-732597

American Medical Association (AMA)

al-Qalam Shariah Scholar Panel (Manchester, England). 2016-07-20. Zakat on stock sold on EBay. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-732597