Question Summary:
Is Zakat paid at cost price of the stock or at selling price?

Question Detail:

Most businessmen I know pay Zakat on stock in trade at cost price, not selling price.Please confirm which is the correct value to be used?

Answer :

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In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykumwa-rahmatullāhiwa-barakātuh.
When calculating Zakat, the market related value of the stock in trade will be considered on the day the Zakat is due.[1]
And Allah Ta’āla Knows Best
Mufti Hussein Issa,
Student of DarulIftaa
Mozambique
 
Checked and Approved by,
Mufti Ebrahim Desai.

www.daruliftaa.net