Search Islamic Finance Answers

1,000+ scholar-approved answers and growing...

Value Assessment Of Tradable Goods For Zakat
How do I assess the value of tradable goods for zakat payment?
Tradable goods are assessed at the end of every zakat year according to their current market value rather than their historical cost basis (i.e. the original price of the asset).

The current market value of tradable goods is measured as their market value if all the goods were sold at once, rather than if they were sold individually at their retail or wholesale price, entailing a higher zakat amount; it is superior, though not obligatory, to measure the current market value of tradable goods at their individual wholesale price.

ASK AN ISLAMIC FINANCE QUESTION

Each question is reviewed by an Islamic finance expert and approved by a scholar.

Ask Now »

SEARCH ISLAMIC FINANCE Q&As

Browse one of the world's largest database of Islamic finance Q&As available online.

View details »

What’s New at Ethica

Press releases, live events, book recommendations, discount offers, and more

View details »