Zakat On Selling Daily Usage Products (Retail Business)
In retail business you’re not producing anything yourself, hence it’s excluded from production/earnings zakat. Hence, 2.5% Zakat will be applicable on trading inventory ( maal-e-tijarat ) as at the date when “ Zakat on Wealth ” is to be calculated. Total Zakat would be 2.5% of cash-in-hand plus cash-in-bank plus value of stock-in-hand ( Zakat is applicable only if total value is above the set Nisab for Zakat excluding value of items for personal use ). Please see for further details : Discussion 58129 • Reply 58130