Q 2:
Our company owns some equipment that is necessary for our work, such as cars, compressors, dumper trucks, and concrete mixers, is Zakah (obligatory charity) due on this equipment or not?
A:
Zakah is due on the rental if you hire the equipment out, if you keep it for a lunar year, (Part No. 9; Page No. 346) and it reaches the Nisab (the minimum amount upon which Zakah is due). If the company's owner uses this equipment to do contract work, he has to pay Zakah on the money he earns from this work on the contracts once he has had it for a lunar year. No Zakah is due on the equipment or its value, because it is intended for use, not for sale.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
Quran
Quran
Quran Reciters
fiqh
Doctrine and Tawhid
Know about Islam
Our company owns som...
