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Selling Price or Buying Price

Last updated: 14th July 2013
Question ID: #4245
Short URL: http://qa.muftisays.com/?4245
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Altaf
14th July 2013

 
When calculating Zakaah do i calculate using the selling price or buying price?



Answer
Ulamaa
Ulamaa ID 12
Answer last updated on:
14th July 2013
Answered by:
Ulamaa ID 12
Website
Location: United Kingdom
Bismillahir Rahmaanir Raheem

Al Jawaab Wa Billahit-Tawfeeq



Respected brother,



The majority of the scholars are of the opinion that the value of the commodity

to be taken into account for Zakat purposes is the selling price and not the

buying price. The price to take into account would be the wholesale selling

price if most items sell wholesale or retail pricing if most items retail.



He uses the price which is better for the poor ( i.e. the selling price).





And Allah knows best