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Zakatable Assets

Q. Is Zakah payable on all my wealth or on certain assets?

A. Zakah is discharged on Zakatable assets only. Zakatable assets are as follows:

  1. Gold and silver
  2. Cash
  3. Stock in trade
  4. Receivables (monies owed to you)
  5. Shares/unit trusts/partnerships
  6. Livestock

And Allah Knows Best

Darul Ihsan Fatwa Department

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