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Setting Off Losses With Zakat
Am I allowed to set off my losses against my zakat payment?
Regardless of one’s losses (e.g. in stock market investing, real estate speculation, business ventures, etc.), one is obligated to pay zakat on the entire net amount (i.e. zakatable property less current liabilities); losses may not be calculated against the zakat itself (e.g. if one’s zakatable property comes to $100,000, and one thereby owes $2,500 in zakat, it would be impermissible to take, for instance, a $500 loss in the stock market and reduce one’s zakat to $2,000).

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