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Zakat On Invested Capital
I have 2 questions:
1: Since means of productions are always exempt from Zakaat, isn’t the capital amount invested in a business or stocks also exempt from Zakaat?
2: Do we pay Zakaat for the total assets or on only on the assets beyond the Nisaab. For example (in US) for standard deductions of $13,500 for 2023 as a nisaab for income, do we pay zakaat on income beyond $13,500 or on total? Similarly, for gold beyond 7.5 tola, do we pay Zakaat on total or only that is above 7.5 tola?
Thank you!
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1 Reply
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Zakat On Invested Capital
updated 8 months ago
2 Members
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1
Reply
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Capital is not considered a means of production.
Once nisab has been met, zakat is due on the entire amount. Though this is an ijtihadi matter and differences of opinion can be found this regard.
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