An Intelligent Guide to Zakat with Dr Osman Umarji
The Thinking Muslim
00:00
The Importance of Debt in Islam
My understanding is that we pay zaka on our merchandise if we have a business and we've got products that we haven't sold this is a cartable now do we pay Zaka on the sale value of this merchandise. If it's something which you only pay on the raw material so it has not yet been converted into the actual asset that you're trying to sell good then don't get zaka. Apart from this arb what are the issues or personal circumstances make you ineligible for zaka? The major one that we talk about is debt because what will the the whole calculus of one's net worth in Islam is their total assets right versus their liabilities in this case.
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