Ameer FB Question & Answer: Zakat on Trading Merchandise
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The question is regarding the goods at the end of the period (end of the Zakat year), they are the goods purchased just for the purpose of selling, but were not sold by the time of the end of the Hawl (zakat year), so how should these goods be evaluated in terms of price, is it by the purchasing price or market price? I.e. is it by the purchasing price or selling price? If it is by the purchasing price then the issue is clear, and if it is by the selling price, then are the goods evaluated at the wholesale price or individual items’ price? The goods might be stored with someone else, i.e. the agent, so will they be evaluated according to the price in the country of the one who should pay Zakat, or the price of goods in the country where the goods are? Also regarding the goods that did not sell, i.e. the goods that did not sell for many years, is Zakat obliged on them, especially since they lost their market and exchangeable price?