Fatwa #1293214 October 2004Sweden

We have a cloth shop, and we buy and sell clothes. After a season, we always have some over which we could not sell. Do we have to pay Zakat

Question

We have a cloth shop, and we buy and sell clothes. After a season, we always have some over which we could not sell. The years go on, and we still can't sell some clothes but some of the clothes we can sell by lowering its price. Do we have to pay Zakat for the remaining clothes which we can not sell?

Answer

In principle, there is Zakaat on stock-in-trade. The old stock will be included in the stock-in-trade and is also Zakaatable.

It is also important to point out that Zakaat could be given in kind as well. You could give the unsold clothes in Zakaat.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

#13808work for my father, We have a few clothing stores in which we sell european fashion clothing. We have always played music in the shop as i was taught by my father that music was essential to this sort of business
#14631I go by the mid of Ramadhan as my year end for Zakat purposes. I bought a house on Islamic Finance. I have already paid 10% of the price as a booking deposit. I am expected to pay another 12% by end of December 2006.
#35002Can I give zakat to a person who buys expensive clothing?
#20683I am doing business of selling ladies clothes. I wanted to know 2 things: 1. What are the basic rules which I should follow while fixing the price and bargaining? 2. Is it permissible to put a sale on the clothes so that they are sold? I mean to say, can I reduce the price and sell them?
#26477Is Zakat paid at cost price of the stock or at selling price?
#19458Is Zakat paid at cost price of the stock or at selling price?
#17766I borrowed monet to do my shop and i cant pay it off. Am i Zakaatable?
#21953I'm running business from home. Do I pay my Zakaat on cost price or selling price?

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