Assalamu alaikum Mufti sab!
Hope u r good.
I have some confusion regarding zakaat. Your guidance will be highly appreciated.
1. Can I discharge Zakaat for wife’s jewelry on her behalf? If yes, should discharge it separately from mine or shall I calculate it as a part of my assets?
2. I have invested in 2 different ventures. One is a tyre shop which we started around a month before Ramadhan 2016. I hold 50 percent in the shop. The other is a bakery which is a older but less than a year since we opened. Bakery makes bread , buns and other products. Do I to consider paying zakaat for these investments as well or should I wait for a year to finished from the date those opened?
3. My last query is the most important one. In a case (sooner or later) when I need to pay Zakaat for the above mentioned (tyre shop and bakery), how would I calculate the Zakaat?
Your detailed answer for all the above with corresponding question number will be highly appreciated.
May Allah reward u for your khidmat in this world and hereafter abundantly.
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Question ID: 20532