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Volume :29 Issue : 99 2014      Add To Cart                                                                    Download

Evaluating Commercial Goods to Give Alms

Auther : Dr.\ Khaled Abdulaziz Suliman Āl Suliman

 

 

Evaluating Commercial Goods to Give Alms
Dr.\ Khaled Abdulaziz Suliman Āl Suliman
Assistant professor at Islamic & Arabic Studies Section – King Fahad Oil & Minerals University – Kingdom of Saudi Arabia
Abstract:
The research could be summarized into the following six points:
1- Reality of commercial goods evaluation: evaluate movable goods, which are prepared for profit with its equivalent price in order to give alms.
2- If the person wants to give alms after one year: he is to evaluate the traded goods then add the value of money under his custody and debts he could collect on demand, provided that; it is during the fiscal year, then subtract debts he has to pay from the total of these three matters, in addition to debts he has to pay during the fiscal year. The result is the Alms vessel. In such case, he is to give 2.5% of this alms vessel.
3- Regarding trade alms; the person is to give alms in money not in goods items, as prescribed minimum amount liable to Zakah is in value, thus give alms should be using money.
4- In case trader did not give alms in time, thus he should evaluate goods according to the time of year end not time of giving alms. Because end of the year is the time to give alms.
5- The price used to evaluate the goods, is the current price of the date of evaluation, because trader give alms for all his goods at the time of alms giving.
6- What is meant by price market on due time: wholesale price for the goods at that day, because it is the price goods could be sold at, if needed, thus it is the correct price at due date. The best method is to evaluate it according to the price paid on buying similar products on due date from wholesale traders. In case of difficulty, he could seek help from experienced persons at due date.
Peace be upon our Prophet Mohammad , all his companions and family.
 

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