زكاة الثروة الصناعية وأثرها في حسم التكاليف الإنتاجية

(Zakat on Industrial Wealth and its Impact on Deduction of Production Costs)

Abstract

Abstract

The present study aims to investigate zakat (a form of almsgiving) of industrial wealth in terms of its impact on deducting production costs, the extent to which production costs affect zakat on industrial wealth, and whether it should be reduced or cancelled. If production is less, would the treshhold be reduced from the overall production and zakat is still to be paid for the remaining, or would it affect only the percentage of zakat? The study includes a definition of industrial wealth and production costs. It reviews the legal opinions of Muslim jurists and discusses their evidence on the provisions and payment of zakat on industrial wealth. Four perspectives on calculating the production costs from zakat on industrial wealth were deduced based on the opinions of the jurists regarding the ruling on zakat and its calculation method. The study found that zakat is not mandatory on business premises, machinery, or equipment, but rather on business output. It becomes due after the passage of one year and the output meets its threshold or nisab value, as it is the case with Muslim’s total savings and wealth. Thus, if all zakat conditions are met, all output or stock in trade is liable for zakat after deducting all production costs.

Key words: Zakat, production costs, industrial wealth.