Question #309:
One of our brothers who is having some debt...
Zakat on investment which gave no profit for a year
Question 441
A person have invested his money in a business and a year have passed and he didn’t get any profit on it. Is there zakat on this investment ? And is the zakat on capital money or on profit ?
Answer :
The zakat to be paid on capital money if it have reached the nisab and a year have passed on it and also on the profit. And zakat will be on invested money (irrespective of) whether the profit is earned on it or not.
Answered by : Shaykh Abu Bilal Al Hadhrami
Translated the summary of the answer by : AbdunNoor Al Hindi
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