Q: We are a group of partners sharing the same capital. We deal in buying vehicles and selling them on installments. The partners authorized me to buy and sell on their behalf. We have been partners for a year during which it was time for paying Zakah (obligatory charity). Do I pay Zakah for all of the original capital or for just the unpaid debt, which is the rest of the value of the vehicles remaining with debtors? May All reward you with the best!
A:
First:
Each partner must
pay Zakah for his capital and profits after the passing of a Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due), whether the money was present at the time or deferred.
Secondly:
If your partners authorized you to pay Zakah on their behalf you are allowed to do so and you may distribute it among the categories of Zakah recipients. (Part No. 8; Page No. 142
A:
First:
Each partner must
pay Zakah for his capital and profits after the passing of a Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due), whether the money was present at the time or deferred.
Secondly:
If your partners authorized you to pay Zakah on their behalf you are allowed to do so and you may distribute it among the categories of Zakah recipients. (Part No. 8; Page No. 142) May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
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Zakah on the propert...
