Darul Ifta Ibn Masood

Stock Superseding Nisaab

· 25 Safar 1447 AH1 min readEnglish

Question

An applicant has applied to a Zakaah organization for assistance. The applicant has borrowed a sum of R800 000 to someone and has requested him to pay it back. The debtor isn’t able to pay him back at the moment. The applicant has not written off the debt either. He also has stock worth R4 000 000 and debts amounting to R500 000. Does this still make the person eligible for Zakaah?

Answer

The applicant in the query is not eligible for Zakaat, since his stocks are worth more than the Nisaab of Zakaat.

Answered by
Mufti Muhammad Isa Ali
Checked & approved by
Mufti Yacoob Vally Saheb
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Source: Darul Ifta Ibn Masood — https://fataawa.co.za/stock-superseding-nisaab/
Fatawa SA: https://fatawa.co.za/fatwa/ibnmasood-39514

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