{"id":18934,"date":"2024-05-25T12:33:46","date_gmt":"2024-05-25T09:33:46","guid":{"rendered":"https:\/\/masarat-sy.org\/?p=18934"},"modified":"2024-05-25T12:33:46","modified_gmt":"2024-05-25T09:33:46","slug":"calculating-zakat-al-mal-for-businesses-and-trade","status":"publish","type":"post","link":"https:\/\/masarat-sy.org\/en\/calculating-zakat-al-mal-for-businesses-and-trade\/","title":{"rendered":"Calculating Zakat Al-Mal for Businesses and Trade (Detailed Guide)"},"content":{"rendered":"<p style=\"text-align: left;\"><span style=\"font-weight: 400; font-size: 14pt;\"><a href=\"https:\/\/masarat-sy.org\/en\/paying-zakat-on-wealth-in-islam\/\">Zakat Al-Mal<\/a> is an essential Islamic practice that regulates financial relationships among individuals. It&#8217;s crucial because it represents the values of justice and solidarity in Islam.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400; font-size: 14pt;\">In the context of businesses and trade, <a href=\"https:\/\/masarat-sy.org\/en\/zakat-on-wealth\/\">Zakat Al-Mal<\/a> is of significant importance as it impacts the financial and economic aspects of companies and institutions. The rules and regulations differ from those that apply to individuals, involving distinct standards for calculating and distributing zakat.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400; font-size: 14pt;\">Through this introduction, we&#8217;ll emphasize the role of <a href=\"https:\/\/masarat-sy.org\/en\/calculating-zakat-al-mal-on-investment-certificates\/\">Zakat Al-Mal in businesses and trade<\/a>, its significance in achieving financial and economic balance, and how to correctly implement it according to Islamic principles and specific standards. We&#8217;ll focus on the social and economic benefits of proper zakat allocation in this context.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><b>Nisab Zakat Al-Mal in Trade, Business, and Investment<\/b><\/span><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400; font-size: 14pt;\"><a href=\"https:\/\/masarat-sy.org\/en\/zakat-al-mal-on-real-estate-and-cars\/\">Calculating Zakat Al-Mal for Businesses<\/a> Dealing with Marketable Goods:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: left;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14pt;\">Determine the value of goods purchased for sale at their current market price.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14pt;\">Identify the cash available in the company or in bank accounts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14pt;\">Account for collectible debts from other traders.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400; font-size: 14pt;\">Finally, 2.5% of this total sum is to be allocated as Zakat Al-Mal.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">Calculating Zakat Al-Mal for Companies Generating Income:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Companies involved in land reclamation or construction and renting properties should calculate their available funds and collectible debts at the end of the year. They should allocate 2.5% of the total amount as zakat.<\/span><\/span><\/p>\n<p><a href=\"https:\/\/www.globalgiving.org\/projects\/educate-500-orphans\/\" target=\"_blank\" rel=\"noopener\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-16726 size-full\" src=\"https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/\u0627\u0644\u0628\u0646\u0631-2E-1.jpg\" alt=\"Explore the profound impact of Islamic values on society and individual behavior, fostering a virtuous, balanced, and peaceful civilization.\" width=\"1472\" height=\"370\" title=\"\" srcset=\"https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/\u0627\u0644\u0628\u0646\u0631-2E-1.jpg 1472w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/\u0627\u0644\u0628\u0646\u0631-2E-1-300x75.jpg 300w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/\u0627\u0644\u0628\u0646\u0631-2E-1-1024x257.jpg 1024w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/\u0627\u0644\u0628\u0646\u0631-2E-1-768x193.jpg 768w\" sizes=\"(max-width: 1472px) 100vw, 1472px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><b>Calculating Zakat for Companies Holding Fixed Assets Not for Sale<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">These companies look at the rental income generated from properties or car rentals. The zakat is only due on the income if it reaches the Nisab zakat alone or combined with other funds or commercial goods, provided that a full Islamic year has passed.<\/span><\/span><\/h2>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><b>How to Calculate Zakat Al-Mal for Businesses and Traders<\/b><\/span><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400; font-size: 14pt;\">To calculate Zakat Al-Mal for businesses and traders, a trader must first identify when the zakat year begins and ends for their business. They then calculate all zakat-eligible funds, which are subject to the conditions of zakat. Zakat Al-Mal is due on these funds after deducting the necessary expenses. Finally, the trader determines whether the remaining amount reaches the Nisab zakat, which is based on the value of 85 grams of pure gold. The trader must allocate 2.5% of these funds as zakat.<\/span><\/p>\n<p><a href=\"https:\/\/www.globalgiving.org\/projects\/educate-500-orphans\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone wp-image-17640 size-full\" src=\"https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/05\/RFVRGV_Large.jpg\" alt=\"\" width=\"1024\" height=\"739\" title=\"\" srcset=\"https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/05\/RFVRGV_Large.jpg 1024w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/05\/RFVRGV_Large-300x217.jpg 300w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/05\/RFVRGV_Large-768x554.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400; font-size: 14pt;\">Detailed Steps for Calculating Zakat Al-Mal for Companies:<\/span><\/p>\n<ol style=\"text-align: left;\">\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">Set an Annual Date <\/span><span style=\"font-weight: 400;\">The trader establishes an annual date to calculate the zakat cycle.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">Collect All Zakat-Eligible Funds<\/span><span style=\"font-weight: 400;\">The trader compiles all goods based on their market value. They also add in collectible debts and any cash in the bank or in hand. All of these funds are considered zakat-eligible.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">Determine Liabilities <\/span><span style=\"font-weight: 400;\">The trader identifies immediate liabilities that need to be paid, such as supplier payments and other necessary expenses.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">Deduct Mandatory Expenses <\/span><span style=\"font-weight: 400;\">These mandatory expenses are subtracted from the total zakat-eligible funds.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><span style=\"font-weight: 400;\">Determine Nisab Zakat <\/span><span style=\"font-weight: 400;\">Nisab zakat is calculated based on 85 grams of pure gold.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\">If the amount of money a person owns reaches the calculated Nisab zakat, they must allocate zakat at a rate of one-quarter of a tenth (2.5%).<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p><span style=\"font-size: 14pt;\"><b>\u00a0<\/b><\/span><\/p>\n<h2 style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><b>Who is Eligible to Receive Business and Trade Zakat Al-Mal?<\/b><\/span><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400; font-size: 14pt;\">Zakat Al-Mal for trade should be directed towards <a href=\"https:\/\/masarat-sy.org\/en\/best-ways-to-spend-zakat-funds\/\">the eight zakat categories<\/a> as mentioned in the Quran:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: left;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>The Poor:<\/b><span style=\"font-weight: 400;\"> Those without sufficient financial means to meet their basic needs.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>The Needy:<\/b><span style=\"font-weight: 400;\"> Those who have some resources but not enough to fulfill their basic needs.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Zakat Workers:<\/b><span style=\"font-weight: 400;\"> Those involved in collecting and distributing zakat.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Reconciled Hearts:<\/b><span style=\"font-weight: 400;\"> Individuals whose conversion to Islam or whose loyalty to the Muslim community is hoped for.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Freeing Captives:<\/b><span style=\"font-weight: 400;\"> Enslaved people or those working to pay their own ransom.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Debtors:<\/b><span style=\"font-weight: 400;\"> Individuals burdened by debt and unable to repay it.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>In the Path of Allah:<\/b><span style=\"font-weight: 400;\"> Those striving in the way of God. Some scholars interpret this as any good cause that seeks God&#8217;s pleasure.<\/span><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-size: 14pt;\"><b>Wayfarer:<\/b><span style=\"font-weight: 400;\"> Travelers who have run out of funds while on their journey, even if they are wealthy back home.<\/span><\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.globalgiving.org\/projects\/educate-500-orphans\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone wp-image-15248 size-full\" src=\"https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/WhatsApp-Image-2024-03-03-at-10.00.12-AM-1.jpeg\" alt=\"\" width=\"1600\" height=\"1600\" title=\"\" srcset=\"https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/WhatsApp-Image-2024-03-03-at-10.00.12-AM-1.jpeg 1600w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/WhatsApp-Image-2024-03-03-at-10.00.12-AM-1-300x300.jpeg 300w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/WhatsApp-Image-2024-03-03-at-10.00.12-AM-1-1024x1024.jpeg 1024w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/WhatsApp-Image-2024-03-03-at-10.00.12-AM-1-150x150.jpeg 150w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/WhatsApp-Image-2024-03-03-at-10.00.12-AM-1-768x768.jpeg 768w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/WhatsApp-Image-2024-03-03-at-10.00.12-AM-1-1536x1536.jpeg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><b>Masarat for Sustainable Education and Vocational Training in Syria<\/b><\/span><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400; font-size: 14pt;\">Thousands of students in northern Syria have had their education disrupted due to war, poverty, and displacement. The destruction of school infrastructure has led many to abandon their studies and work to support their families, risking the rise of a generation without education.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400; font-size: 14pt;\"><a href=\"https:\/\/masarat-sy.org\/en\/\">Masarat Initiative<\/a> provides free education to marginalized students through online platforms like Microsoft Teams. It delivers <a href=\"https:\/\/masarat-sy.org\/en\/school-education\/\">school education<\/a>, <a href=\"https:\/\/masarat-sy.org\/en\/student-activities\/\">student activities<\/a>, and <a href=\"https:\/\/masarat-sy.org\/en\/academic-advising\/\">academic advising<\/a> to help them build a future without relying on others or engaging in child labor.<\/span><\/p>\n<p><a href=\"https:\/\/www.globalgiving.org\/projects\/educate-500-orphans\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-16500 size-full\" src=\"https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/rt4_Large.jpg\" alt=\"\" width=\"1024\" height=\"645\" title=\"\" srcset=\"https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/rt4_Large.jpg 1024w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/rt4_Large-300x189.jpg 300w, https:\/\/masarat-sy.org\/wp-content\/uploads\/2024\/03\/rt4_Large-768x484.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400; font-size: 14pt;\"><strong>Your donations will help continue online learning for these students<\/strong>, ensuring free and comprehensive education at their homes and tents.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zakat Al-Mal is an essential Islamic practice that regulates financial relationships among individuals. It&#8217;s crucial because it represents the values of justice and solidarity in Islam. &nbsp; In the context of businesses and trade, Zakat Al-Mal is of significant importance as it impacts the financial and economic aspects of companies and institutions. The rules and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":17643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[181],"tags":[271,295,294,296,273,272,270,297,266],"class_list":["post-18934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-zakat","tag-amount-of-zakat-al-mal","tag-conditions-for-zakat-al-mal","tag-expenditures-of-zakat-al-mal","tag-how-to-calculate-zakat-al-mal","tag-nisab-of-zakat-al-mal","tag-percentage-of-zakat-al-mal","tag-uses-of-zakat-al-mal","tag-zakat-al-mal","tag-zakat-al-mal-calculator"],"acf":[],"_links":{"self":[{"href":"https:\/\/masarat-sy.org\/en\/wp-json\/wp\/v2\/posts\/18934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/masarat-sy.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masarat-sy.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masarat-sy.org\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/masarat-sy.org\/en\/wp-json\/wp\/v2\/comments?post=18934"}],"version-history":[{"count":3,"href":"https:\/\/masarat-sy.org\/en\/wp-json\/wp\/v2\/posts\/18934\/revisions"}],"predecessor-version":[{"id":18941,"href":"https:\/\/masarat-sy.org\/en\/wp-json\/wp\/v2\/posts\/18934\/revisions\/18941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/masarat-sy.org\/en\/wp-json\/wp\/v2\/media\/17643"}],"wp:attachment":[{"href":"https:\/\/masarat-sy.org\/en\/wp-json\/wp\/v2\/media?parent=18934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masarat-sy.org\/en\/wp-json\/wp\/v2\/categories?post=18934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masarat-sy.org\/en\/wp-json\/wp\/v2\/tags?post=18934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}